Magnetic MRO, a Total Technical Care and asset management organization, has signed a Continuing Airworthiness Management contract with BOC Aviation (Ireland) Limited, an aircraft leasing service provider. Since the agreement has been signed, the lessor has already delivered B737NG aircraft to Magnetic MRO’s hangars in Tallinn, Estonia.
Since the start of the global pandemic in the Q1 this year, lease companies have faced the challenge of determining how to proceed with their assets as carriers face bankruptcy or limit their fleet size due to lockdowns. Thus, the re-positioning and maintenance of asset airworthiness became crucial.
BOC Aviation has chosen Magnetic MRO with this task, including the support with planning of ferry flight, de-registration & registration of aircraft, issuance of work packs and providing maintenance services during the period when aircraft is positioned in Tallinn Airport. In addition, for the storage period, the asset was registered under the Irish registry.
“We are very pleased with the start of the cooperation with BOC Aviation – and appreciate that the communication has been very efficient and productive. Both parties understand the scope of work that is required to keep given asset airworthy and ready for the next potential customer. We will continue this path with our client and will be looking forward to the future projects together with BOC Aviation” says Janno Väinola, senior airworthiness engineer at Magnetic MRO.