Magnetic MRO targets Saudi MRO market, signs MoU with FPSS

©Magnetic MRO signs MOU with FPSS

Magnetic MRO, a global provider of Total Technical Care for aircraft operators and lessors, and Saudi MRO company First Premium for Support Services (FPSS) have signed a Memorandum of Understanding (MoU) for joint EASA-compliant MRO operations in Saudi Arabia and the Region. 

The two companies agreed to jointly establish and develop Wheel & Tire, Brake, Oxygen Refill, and Battery shops in Jeddah. At later stages of the cooperation, Magnetic MRO and FPSS also consider launching an engine stands hub, operated by Magnetic MRO’s subsidiary EngineStands24, as well as an EASA 147-compliant technical training school and EASA 145-compliant line and base maintenance facilities in a Saudi Arabian port city of Jeddah.

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