Magnetic Trading, a part of Magnetic Group, has recently announced the signing of the long-term lease agreement for landing gear with Lufthansa Technik Landing Gear Services UK. The agreement was signed as part of the newly launched Total Asset Management Program by Magnetic Tradings. The program is aimed at lessors, airlines and MROs. The long-term agreement covers the exchange/lease of one Boeing 737-800 low cycle first overhaul landing gear set.
The Total Asset Management Program was launched by Magnetic MRO in early 2021, aiming at ensuring a smooth maintenance process, as well as smooth aircraft operations, starting from an advanced asset evaluation through to serviceable unit installation.
“We have exceptional experience working with the Lufthansa Technik team, and therefore, we are glad to extend our partnership towards asset management for our second landing gear transaction. Lufthansa Technik Landing Gear Services UK, as part of the global Lufthansa Technik Landing Gear Network, is one of the largest Landing Gear MROs in the world. This opportunity ensures that we can support their landing gear leasing requirements whilst they can focus on core landing gear MRO activities. This agreement demonstrates how our Total Asset Management Program supports our customers with full asset management solutions,” said Eigirdas Keblikas, VP of Asset Trading and Leasing at Magnetic MRO.