Magnetic MRO has signed a cooperation and representation agreement with Component Overhaul Services, a landing gear, accessory and airframe repair station located in Miami, Florida.
The agreement extends a previous ad-hoc cooperation between the two companies and allows Magnetic MRO to work as the exclusive representative of Component Overhaul Services in the European and African markets, providing landing gear overhaul and repair services.
“Although we have been working with Component Overhaul Services for many years, this exclusive agreement is a big step forward for both companies,” said Magnetic MRO’s VP asset trading and leasing Eigirdas Keblikas.
“It is a perfect example of a long-lasting partnership that holds many benefits not only for us but to our clients also, as we can provide better pricing on landing gear maintenance events.”
Component Overhaul Services’ general manager Julio Medina commented: “Magnetic MRO has always been a trustworthy and valuable partner for us with a great track record; thus, the exclusive agreement is a natural step forward in this partnership that allows the growth for both companies.
“With the expansion of our new facilities here in South Florida and added capacities, we hope to strengthen our brand and relationship for the foreseeable future with Magnetic MRO.”
In 2020, Magnetic MRO performed 25 landing gear overhaul and repairs while representing Component Overhaul Services – the aim now is to double that number throughout 2021.