Press Releases - Magellan Aerospace

2007 Press Releases

Magellan Announces Financing for Payment of Convertible Debentures on Maturity

December 20, 2007

Toronto, Ontario December 20, 2007: Magellan Aerospace Corporation (“Magellan” or the “Corporation”) announced today that the independent members of the board of directors had approved proposed financing arrangements to pay the currently outstanding principal amount of approximately $70 million of 8.5% unsecured subordinated debentures (the “Existing Debentures”) in cash on the maturity date of January […]

Magellan Announces Record Level of Proprietary Product Orders

October 25, 2007

Toronto, Ontario – October 25, 2007 – Magellan Aerospace announced today a record year for orders for the Corporation’s Proprietary Products; the level of orders in 2007 will surpass $(Cdn) 50 million for the year. Magellan is known globally as a manufacturer of large, complex aeroengine components and aerostructure assemblies. It also designs and manufactures […]

Magellan on B787 Delays

October 16, 2007

Toronto, Ontario – October 16, 2007 – Magellan Aerospace released today its analysis of the announced delay in The Boeing Company’s B787 Dreamliner aircraft. “We are confident that there will be no significant affect on Magellan’s production and deliveries from this brief delay,” said Jim Butyniec, President and COO of Magellan. “We expect to deliver […]

Magellan Quest Treatments Centre

February 5, 2007

Toronto, ON, February 5, 2007 – Magellan Aerospace announced today the formation of a 50:50 joint ownership company with QuEST Machining & Manufacturing to launch the first independent processing facility in India to cater to the needs of the aerospace manufacturing industry. Magellan has been developing a supply chain in India for three years, focusing […]