Recently, Magnetic Leasing, a sub-brand of Magnetic Group, closed a CFM56-7B engine deal. The deal includes rebuilding the engine at the Magnetic Engine's shop facilities in Tallinn, Estonia, before further commercial activities.
Filip Stanisic, Head of Magnetic Engines, stated: "Quick turn shop visits have become increasingly in demand for CFM56 engines, and utilizing our own shop capability allows us to simultaneously optimize and minimize the costs of repair as well as TAT, which are vital for asset owners."
As for leasing, maximizing the synergies available on a group level is at the forefront of the business strategy. This means applying years of technical engine knowledge and merging it with asset management expertise, allowing the team to enhance further the development of module swaps and engine product lines.
Chris Emechete, CEO at 3TOP, said: "We are delighted to now have Magnetic Leasing as a trusted partner. Having previously worked with the Magnetic Engine shop, I believe this transaction represents a further solidification of our strategic relationship with the Magnetic Group."
"Having a trusting partner like 3TOP Aviation Services always makes the transaction process smooth and efficient; many thanks to Chris, Paul, and their whole team, and we look forward to transacting together more in the future," added Alex Vella, CEO at Magnetic Leasing.
go back
