Magnetic MRO expands into Asset Management services with A321 part-out

Magnetic MRO (www.magneticmro.com), a Total Technical Care MRO organization based in Tallinn, Estonia, completed acquisition of A321-131 (MSN555) for part-out.

The purchase, conducted on behalf of private investors, is the start of Asset Management practice at Magnetic MRO, which offers comprehensive turn-key value creation services for aviation investors. The services cover asset acquisitions, lease management, lease transitions, green life rebuild, and end-of-life management solutions for aircrafts and engines.

‘This is an important step in positioning Magnetic MRO as a trusted partner to aviation asset owners. By adding Magnetic MRO know-how in deal origination, acquisitions, lease management, transitions, part-outs, we create value in every step of economic life cycle of aviation asset on behalf of the asset owners’, says Jonas Butautis, CEO of Magnetic MRO. ‘This year alone we have a number of A320 and B737NG asset management projects to be completed, which will deliver value to their original investors, as well as complement Magnetic MRO traditional MRO services’.

The acquired A321 will be parted out in the United States, with warehousing, trading, and exchange management out of Magnetic MRO European locations, supported by 24/7 AOG team. A selected list of parts will be used to expand existing stock in support of comprehensive fleet-wide component programs for Magnetic MRO customers.