Magnetic MRO has undergone a rebrand and introduced a new company structure, affecting some subsidiaries and sub-brands.
All future activities will be consolidated under a holding company called ‘Magnetic Group’.
Under the Magnetic Group, the company will introduce four sectors, each representing a distinct activity.
These are: Magnetic Creative, covering design and manufacturing; Magnetic Assets, encompassing loaning, trading and leasing; Magnetic Maintenance, covering line, base and engine maintenance; and Magnetic Talents, in which specialists will be employed to serve the industry’s engineering and training needs.
“This change is a part of our longer-term strategy and a promise to our present and future clients to provide the greatest benefits to our customers through our activities; it enables us to diversify business activities with more distinct boundaries as well as to diversify business risks and speak clearly to our existing and future investors,” said Magnetic Group’s CEO Risto Mäeots.
“I am sure that the new structure and expanding business will have a good impact on our co-operation with existing and future clients. As our group’s mission states: ‘We help aviation to help the world’, together, we can reach greater heights.”