EVERETT, Wash. (AP) — An aviation startup has announced it is consolidating its operations at a new facility in Washington state. The Seattle Times reported that the local startup MagniX announced Tuesday it has moved its headquarters and 50-person workforce from Redmond to Everett. The company develops electric motors to replace the gas turbine engines on commuter airplanes carrying up to 40 passengers. The new 40,000-square-foot building will house the company’s engineering, production, testing and delivery of its motors. CEO Roei Ganzarski, a former Boeing executive, said the consolidation was long planned but was accelerated by the pandemic-driven downturn affecting potential customers.
Electric aviation company moves headquarters to Everett
