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magniX appoints Reed Macdonald as Chief Executive Officer
06 May 2024

  • Reed Macdonald joins magniX as Chief Executive Officer (CEO)
  • Macdonald has more than 25 years’ experience in aerospace, finance, defense, and manufacturing
  • Macdonald to lead magniX as it readies its revolutionary electric powertrains for Entry Into Service

Everett, WA, U.S., - May 6, 2024 - magniX, the company powering the electric aviation revolution, today announced that Reed Macdonald has been appointed as Chief Executive Officer (CEO). Macdonald will lead magniX as it readies its revolutionary electric powertrains for Entry Into Service.

Macdonald, with more than 25 years’ experience in aerospace, finance, defense, and manufacturing, has held several board and senior executive roles, including as CEO and Board Member at FDS Avionics, a manufacturer of electronics equipment for the business aviation and military markets. Macdonald also brings deep financial and commercial experience to the CEO role at magniX, having led investments in companies across diverse sectors.
Pioneering the Future of Aviation
magniX’s fully integrated electric powertrains are leading the race to certification and ushering in a new era of clean aviation. magniX is the only company to have powered groundbreaking flights by five different aircraft, including the maiden flight of the first all-electric commuter airplane, Eviation’s Alice, and the longest and highest altitude flights by a hydrogen electric plane. In April, magniX received a Letter of Intent from North America’s largest seaplane airline, Harbour Air, for 50 magni650 engines.

“It is an exciting time for magniX as its groundbreaking technology takes giant leaps toward making zero emissions flight a commercial reality,” said Reed Macdonald, magniX’s incoming CEO. “I look forward to working with the magniX team to bring our industry-leading electric powertrains to the marketplace and to accelerate the transition to sustainable aviation.”

“magniX is entering a significant new phase in our game-changing technology’s progress toward Entry Into Service,” said John Saabas, Chairman of magniX. “Reed’s commercial experience and expertise are well-suited to steward magniX through this chapter in our journey to change the history of aviation.”


About magniX

Headquartered in Everett, Washington State, U.S., magniX has developed a family of electric propulsion units (EPUs) and energy storage systems (ESS) for commercial aviation. With the industry’s highest energy density batteries and unparalleled EPU performance, magniX is leading the aviation industry into a sustainable future. magniX is a subsidiary of the Clermont Group, an international conglomerate headquartered in Singapore. For further information, please visit www.magnix.aero.

Contact

media@magniX.aero

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