Press Release

Issued by Euravia Engineering & Supply.

May 15, 2015

Magellan Aerospace Corporation has announced that it has acquired Euravia Engineering & Supply Co. Limited.

Magellan's president and chief executive officer, Phillip Underwood commented, “The acquisition of Euravia complements Magellan's existing repair and overhaul capability in North America. Euravia has an excellent reputation for providing high quality MRO capabilities, supporting a global customer base, and delivering exceptional customer service.”

Dennis G. Mendoros, OBE, Euravia's chief executive stated, “The acquisition by Magellan leads Euravia to the next development level, opening potential new business opportunities in North America and enabling us to offer enhanced customer support and dedicated aftersales service. In addition, Magellan's global reach augments Euravia's existing partnerships in the Middle East, Asia-Pacific, and across Europe.” 

Magellan Aerospace Corporation is one of the world's most integrated aerospace industry suppliers. Magellan engineers and manufactures aeroengine and aerostructure assemblies and components for aerospace markets, advanced products for military and space markets, and complementary specialty products. Magellan Aerospace Corporation is a public company whose shares trade on the Toronto Stock Exchange (TSX: MAL), with operating units throughout Canada, the United States, the United Kingdom, Poland and India.