Aeroplex to Build Aircraft Equipment Repair Center

Hungarian-owned Aeroplex Central European Aircraft Technical Center Ltd.  is building an aircraft equipment repair center in Maglód, near Ferenc Liszt International Airport, the company told MTI on Thursday.

The almost 7,000-square-meter plant will cost about HUF 2 billion and create 120 jobs. The company will cover the costs entirely from its own resources. The center, which is expected to be completed by spring 2024, will be capable of repairing aircraft wheels, engine parts, aircraft components and maintenance work, among other things, the company said.

According to the announcement, the investment will enable Aeroplex to become a direct supplier to international aircraft operators. The company will be able to move up a level in terms of both quantity and quality and become an international leader in new areas of the industry," the company said, justifying the construction of the plant.

Hungarian-owned Aeroplex Central European Aircraft Technical Center Ltd. was established in 1992 and is based at Budapest's Ferenc Liszt International Airport. According to their accounts, they will close 2021 with a net turnover of more than HUF 13.5 billion and 2022 with a net turnover of more than HUF 21.6 billion. The majority of their turnover, almost two thirds last year, comes from foreign orders. Their profits rose from HUF 901 million in 2021 to HUF 960.5 million last year.