Hungarian-owned Magnus Aircraft is planning to build a 5.2 billion forint (17.2 million euro) factory in Pécs, Hungary. Construction of the 7,500 square-meter plant next to the Pécs-Pogány Airport will start in September 2017, according to CEO László Boros.

Foreign Minister Péter Szijjártó announced last week that the Hungarian government is providing a 2 billion forint (6.5 million euro) grant to support the plant’s construction, an investment which is projected to create at least 105 jobs.

Magnus Aircraft is a multinational aviation company based in Kecskemét, Hungary. It’s perhaps known best for the Fusion 212, a two-seater light aircraft made from composite materials and capable of aerobatics. The Fusion 212 recently received the Light-Sport Aircraft (LSA) Category Airworthiness Certification from the Federal Administration Association (FAA).

Together with Siemens, Magnus Aircraft is developing the first all-electric aerobatic trainer in the world, the eFusion. In April 2016, the eFusion successfully conducted its maiden flight at the Matkópuszta airfield in Kecskemét, Hungary. Check out the innovative eFusion below:

In March 2017, Magnus Aircraft broke ground on a brand new manufacturing, assembly, maintenance and commercial center in Fredericksburg, Texas.  The investment, worth 3 million USD,  represents a major step forward for Magnus, which seeks to tap into the growing international market for lightweight aircrafts. The company also plans to launch a Pilot Academy at the very same location.