March 4, 2015
Magnetic MRO expands into Asset Management services with A321 part-out
Magnetic MRO, a Total Technical Care MRO organization based in Tallinn, Estonia, completed the acquisition of an 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. 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.