The purchase, conducted on behalf of private investors, is the start of the 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 aircraft and engines.
“This is an important step in positioning Magnetic MRO as a trusted partner for aviation asset owners. By adding Magnetic MRO expertise in deal origination, acquisitions, lease management, transitions and part-outs, we create value in every step of the economic life cycle of an aviation asset on behalf of 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 and complement Magnetic MRO’s traditional MRO services.”
The acquired A321 will be parted out in the United States, with warehousing, trading, and exchange management out of Magnetic MRO’s European locations, supported by the 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.