Óbuda University in Hungary and Magnus Aircraft jointly develop electric aircraft

In line with market needs, Óbuda University and MAGNUS Aircraft Zrt. have agreed on an innovative cooperation for the development of electric-powered aircraft suitable for touring – the university told MTI on Tuesday.

According to Rector Levente Kovács, considerable efforts have been made to increase engineering competencies in line with the requirements of the aviation industry, and aeronautical engineering, technology and pilot training programmes at various levels have been planned. The new courses could be launched – following accreditation – from the next academic year. According to the announcement, the development of 4-6 seat hybrid and electric aircraft is planned with Magnus Aircraft Zrt.

In order to create a new type of aircraft, the university will be involved in the design of the propulsion system (the system that will power the aircraft), while Magnus Zrt. experts will be involved in the design, assembly and testing of the fuselage. In the statement, Gábor Tarány, President and owner of Magnus Aircraft Zrt., explained that his company will do everything to ensure that the jointly developed aircraft will be launched on the market as soon as possible as a result of the cooperation.

Founded in 2014, Magnus Aircraft Zrt. is one of Hungary’s fastest growing companies in the field of aircraft development, production and marketing, which also takes environmental aspects into account. It was one of the first in the world to develop a two-seat aerobatic aircraft made from pure composite materials. They have also started to produce aircraft that run on petrol instead of kerosene to promote sustainability,” the statement said.

According to the company’s public filings, the company posted sales of more than HUF 845 million last year, up from HUF 155 million the year before. It reported a loss of 265 million forints after tax in 2020, following a profit of 12 million forints in 2019.