11 February, 2019: Magnetic MRO and First Premium for Support Services (FPSS), a Saudi MRO company have signed a Memorandum of Understanding (MoU) for joint EASA-compliant MRO operations in Saudi Arabia and the Region. Under the agreement, the two companies will jointly establish and develop Wheel & Tire, Brake, Oxygen Refill, and Battery shops in Jeddah.
At later stages of the cooperation, the two companies will also consider launching an engine stands hub which is operated by Magnetic MRO’s subsidiary EngineStands24. They will also launch an EASA 147-compliant technical training school and EASA 145-compliant line and base maintenance facilities in a Saudi Arabian port city of Jeddah.
Sheikh Ghassan Omar Attar, CEO, First Premium for Support Services said, “We strongly believe, the new agreement between Magnetic MRO and FPSS will provide us with a substantial boost in supporting the needs of our aviation clients and bring us to the leading position on the aircraft maintenance market of the Kingdom of Saudi Arabia.”
Risto Mäeots, CEO, Magnetic MRO, said: “Magnetic MRO is delighted to join hands with the honourable Sheikh Ghassan Attar, the owner and CEO of First Premium for Support Services, to develop a wide range of high-quality level aircraft maintenance services in Saudi Arabia and across the region.”