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Magnetic Leasing Acquires a CFM56-7B from New Trading Partner 3TOP Aviation Services

Recently, Magnetic Leasing, a sub-brand of Magnetic Group, closed a CFM56-7B engine deal. The deal includes rebuilding the engine at the Magnetic Engine's shop facilities in Tallinn, Estonia, before further commercial activities.  

Filip Stanisic, Head of Magnetic Engines, stated: "Quick turn shop visits have become increasingly in demand for CFM56 engines, and utilizing our own shop capability allows us to simultaneously optimize and minimize the costs of repair as well as TAT, which are vital for asset owners." 

As for leasing, maximizing the synergies available on a group level is at the forefront of the business strategy. This means applying years of technical engine material knowledge and merging it with asset management expertise, allowing the team to enhance further the development of module swaps and engine product lines.

Chris Emechete, CEO at 3TOP, said: "We are delighted to now have Magnetic Leasing as a trusted partner. Having previously worked with the Magnetic Engine shop, I believe this transaction represents a further solidification of our strategic relationship with the Magnetic Group."

"Having a trusting partner like 3TOP Aviation Services always makes the transaction process smooth and efficient; many thanks to Chris, Paul, and their whole team, and we look forward to transacting together more in the future," added Alex Vella, CEO at Magnetic Leasing.

Artical source :- https://www.magneticgroup.co/magnetic-leasing-acquires-a-cfm56-7b-from-new-trading-partner-3top-aviation-services/

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Magnetic Leasing Acquires a CFM56-7B from New Trading Partner 3TOP Aviation Services

Recently, Magnetic Leasing, a sub-brand of Magnetic Group, closed a CFM56-7B engine deal. The deal includes rebuilding the engine at the Magnetic Engine's shop facilities in Tallinn, Estonia, before further commercial activities.  

Filip Stanisic, Head of Magnetic Engines, stated: "Quick turn shop visits have become increasingly in demand for CFM56 engines, and utilizing our own shop capability allows us to simultaneously optimize and minimize the costs of repair as well as TAT, which are vital for asset owners." 

As for leasing, maximizing the synergies available on a group level is at the forefront of the business strategy. This means applying years of technical engine material knowledge and merging it with asset management expertise, allowing the team to enhance further the development of module swaps and engine product lines.

Chris Emechete, CEO at 3TOP, said: "We are delighted to now have Magnetic Leasing as a trusted partner. Having previously worked with the Magnetic Engine shop, I believe this transaction represents a further solidification of our strategic relationship with the Magnetic Group."

"Having a trusting partner like 3TOP Aviation Services always makes the transaction process smooth and efficient; many thanks to Chris, Paul, and their whole team, and we look forward to transacting together more in the future," added Alex Vella, CEO at Magnetic Leasing.

Artical source :- https://www.magneticgroup.co/magnetic-leasing-acquires-a-cfm56-7b-from-new-trading-partner-3top-aviation-services/

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Optimizing Aircraft Operations: The Importance of Aircraft Asset Management and Quality Engine Components

In the highly competitive world of aviation, maximizing efficiency and ensuring the longevity of aircraft is of utmost importance. One of the most effective ways to achieve this is through proper aircraft asset management, which involves the strategic management and optimization of all aspects of an aircraft’s lifecycle. This includes everything from acquisition to disposal, and especially focusing on critical components like aircraft engine components supply, engine material, and maintenance repair and overhaul (MRO) processes.

The Role of Aircraft Asset Management in Aviation Operations

Aircraft asset management refers to the systematic process of managing an aircraft’s lifecycle to ensure maximum efficiency, reduce downtime, and minimize costs. This management includes tracking the condition and performance of aircraft, evaluating and managing the asset's value, and making key decisions regarding repair, replacement, or upgrades.

In aviation, the importance of asset management cannot be overstated. With a large number of components, systems, and parts that need to work in harmony, especially the engines, effective management ensures that each part is in peak condition. Through aircraft asset management, airlines and operators can better anticipate when maintenance or replacement is necessary, thereby reducing unexpected downtime, avoiding unnecessary repairs, and maximizing the operational lifespan of the aircraft.

A key element of asset management is ensuring the availability of high-quality aircraft engine components supply. Aircraft engines are the most critical part of an aircraft, and their performance and longevity directly affect the operational efficiency of the aircraft. Without proper access to these components, an airline risks delayed repairs or even grounding aircraft, leading to lost revenue and customer dissatisfaction.

The Importance of Aircraft Engine Components Supply

Aircraft engines are complex systems made up of thousands of parts. These parts, or aircraft engine components, must be sourced from reliable and reputable suppliers to ensure they meet the stringent safety and performance standards required by aviation authorities.

Having a reliable aircraft engine components supply system is crucial to ensuring that airlines can quickly and efficiently repair or replace any defective parts. A steady and high-quality supply chain of engine components minimizes aircraft downtime and ensures that repairs and upgrades can be performed quickly. This reliability is especially critical during times of heavy air traffic or when dealing with urgent repairs that could otherwise delay operations.

A reliable supply of aircraft engine components ensures that airlines are not forced to rely on inefficient or low-quality replacements. This is where companies like MagneticTrading come in, offering a wide range of genuine, high-performance parts for aircraft engines, ensuring that operators can maintain optimal engine performance and minimize costly repairs in the long run.

The Critical Role of Engine Material in Aircraft Performance

When considering the longevity and reliability of any aircraft engine components, one cannot overlook the importance of engine material. The materials used in the construction of engine components, such as titanium, steel, and specialized alloys, must be of the highest quality to ensure the engine operates under extreme conditions.

The engine material used in components like turbines, compressors, and combustors must be able to withstand high temperatures, pressure, and vibration without failing. Choosing the right engine material is essential to ensuring that the engine components perform efficiently and safely throughout their operational life. It also reduces the frequency of repairs and ensures better fuel efficiency, which is critical in the highly competitive aviation industry.

As technology advances, the development of better and stronger engine materials has revolutionized engine performance. Advanced materials are not only lighter but also more resistant to wear and corrosion, contributing to longer service intervals and reduced maintenance costs.

Maintenance, Repair, and Overhaul (MRO): Keeping Aircraft in Peak Condition

Even with the best aircraft asset management strategies, aircraft engine components supply, and engine material, regular maintenance repair and overhaul (MRO) services are crucial for ensuring the continued safety and efficiency of aircraft. MRO is a collective term that encompasses all activities related to inspecting, repairing, replacing, and overhauling aircraft components to ensure they meet safety standards.

Effective maintenance repair and overhaul procedures help airlines reduce the risk of unexpected failures by proactively addressing potential issues before they become critical. Regular MRO ensures that all components, especially engine parts, are thoroughly inspected for wear and tear, and replaced if necessary. This is especially important for aircraft engine components, which undergo the most stress during operation.

Maintenance repair and overhaul operations are often planned in advance based on flight hours, cycles, and manufacturer recommendations. By following a structured MRO schedule, operators can avoid costly emergency repairs that may arise due to neglected maintenance.

The aircraft engine components in need of repair or replacement can often be sourced from a reliable MRO service provider, such as MagneticTrading, which specializes in providing quality components and ensuring the smooth operation of the aircraft. Partnering with such services can help minimize downtime and maintain continuous service for airlines, providing them with the peace of mind that their fleet is operating at its best.

Conclusion

In summary, the efficient management of aircraft asset management, access to high-quality aircraft engine components supply, the use of top-notch engine material, and diligent maintenance repair and overhaul practices are all integral to ensuring the long-term success and profitability of any aviation operation. Airlines that invest in these key areas are better equipped to handle the demands of the industry, reduce operational costs, and ensure passenger safety.

With companies like MagneticTrading, which specialize in offering reliable components and MRO solutions, operators can be confident in the longevity and performance of their aircraft. By focusing on these critical areas, airlines can continue to operate with maximum efficiency, reduce downtime, and ensure that every flight runs smoothly.

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Meet the Team: Mindaugas Pilvelis

At the core of Magnetic Trading lies its sales team. It’s also not rare for a former team member to return to the team after gaining some new life and work experiences. This time around, Mindaugas Pilvelis rejoined the company as the Engine Material Sales Manager at Magnetic Trading. Read about Mindaugas, his professional progress, why aviation, and much more.

What has been your career path thus far leading up to your current role?

Mindaugas:

After my last friendship with Magnetic Group, I knew I was hooked on the winged industry and never wanted to work in any other field. So, after some time, I found myself back in aviation and opened a new chapter: engine material sales and purchasing. I was happy learning a lot of interesting technical things and getting to know many bright people when, all of a sudden, the pandemic struck and grounded the world, ending that step of my career.

Why the aviation industry?

Mindaugas:

It's a multifaceted answer, but those who've been working in aviation know the industry's allure. For one, you're working with the whole world. Quite literally, and it's because your client or partner might be from almost any corner of the world. Another is being a part of that fantastic group of people involved in the aviation world. And finally, all the complexity and nuances involved.

How would you describe Magnetic Group’s culture in three words?

Mindaugas:

I certainly have to use bold, then fresh, as in new perspectives and being on trend, and, of course, fun!

What tips or advice would you give someone starting out as a sales manager?

Mindaugas:

There's no quick gain, or it's beginner's luck. To achieve some real and long-lasting victories takes effort and time, but you only need to start with a small step and watch it grow. In other words, the key is consistency, even if it's a small step or two every day.

How do you spend your after-work hours?

Mindaugas:

After a working day, I enjoy a good book, movie, or a long stroll through the city or countryside. I always make time for activities with my family and friends. Quite a big part of my after-work time revolves around music. I have a long-term hobby - playing drums. I am also in a band, so we rehearse, record, create new material, and play gigs from time to time. Whenever there is more time, I enjoy cycling, and on special occasions - windsurfing and parachuting.

Artical Source :- https://www.magneticgroup.co/meet-the-team-mindaugas-pilvelis/

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Meet the Team: Mindaugas Pilvelis

At the core of Magnetic Trading lies its sales team. It’s also not rare for a former team member to return to the team after gaining some new life and work experiences. This time around, Mindaugas Pilvelis rejoined the company as the Engine Material Sales Manager at Magnetic Trading. Read about Mindaugas, his professional progress, why aviation, and much more.

Meet the Team: Mindaugas Pilvelis

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aircarft asset management

In order to maximize the performance and value of your fleet, Magnetic Trading provides professional aviation asset management services. We offer dependable and reasonably priced solutions specifically designed for the aviation sector, helping with asset tracking, appraisal, and lifecycle management.

aircarft asset management

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Meet the Team: Mindaugas Pilvelis

At the core of Magnetic Trading lies its sales team. It’s also not rare for a former team member to return to the team after gaining some new life and work experiences. This time around, Mindaugas Pilvelis rejoined the company as the Engine Material Sales Manager at Magnetic Trading. Read about Mindaugas, his professional progress, why aviation, and much more.

What has been your career path thus far leading up to your current role?

Mindaugas: 

After my last friendship with Magnetic Group, I knew I was hooked on the winged industry and never wanted to work in any other field. So, after some time, I found myself back in aviation and opened a new chapter: engine material sales and purchasing. I was happy learning a lot of interesting technical things and getting to know many bright people when, all of a sudden, the pandemic struck and grounded the world, ending that step of my career. 

Just as the pandemic was on its way out, I decided to give it a shot in another industry: precious metals. This led to adventurous traveling in Africa and finding contacts and sources to purchase precious metals. However exciting this was, I still had that itch that bothered me, and as soon as a great opportunity presented itself, I jumped right back into the field that I was already familiar with - aircraft engine components supply material trading. To top it off, I went back to the company where my path in aviation started. Jackpot! 

Why the aviation industry?

Mindaugas: 

It's a multifaceted answer, but those who've been working in aviation know the industry's allure. For one, you're working with the whole world. Quite literally, and it's because your client or partner might be from almost any corner of the world. Another is being a part of that fantastic group of people involved in the aviation world. And finally, all the complexity and nuances involved. 

How would you describe Magnetic Group’s culture in three words?

Mindaugas:  

I certainly have to use bold, then fresh, as in new perspectives and being on trend, and, of course, fun!

What tips or advice would you give someone starting out as a sales manager?

Mindaugas: 

There's no quick gain, or it's beginner's luck. To achieve some real and long-lasting victories takes effort and time, but you only need to start with a small step and watch it grow. In other words, the key is consistency, even if it's a small step or two every day.

How do you spend your after-work hours?

Mindaugas: 

After a working day, I enjoy a good book, movie, or a long stroll through the city or countryside. I always make time for activities with my family and friends. Quite a big part of my after-work time revolves around music. I have a long-term hobby - playing drums. I am also in a band, so we rehearse, record, create new material, and play gigs from time to time. Whenever there is more time, I enjoy cycling, and on special occasions - windsurfing and parachuting. 

Artical Source :- https://www.magneticgroup.co/meet-the-team-mindaugas-pilvelis/

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aircraft spare part

Magnetic Trading is the leading aircraft spare parts provider. We specializing in product lines such as landing gears, escapes slides, APUs, and similar assets for Airbus, Boeing, ATR, and other aircraft types.

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What is aircraft asset management?

Aircraft asset management aims to comprehend the real value of an asset that includes aircarft asset management and engines. airbus spare parts is a systematic way of managing the parts, services, and resources related to one or a portfolio of aircraft over their usable life cycle. The process starts with acquisition and extends to the last disposition. It is often structured into a program that clearly identifies the needs and is based on certain aircraft asset owner requirements. This action is vital particularly when it comes to sustainability view.

There is a term commercial aircraft asset management that means when an aircraft is used by many people many times and you have to manage it by order of investors. In short, you have to manage the aircraft so the investment made can be returned to the investors and the commercial aircraft could experience minimal losses.

 In aircraft asset management you mainly report about events such as payments, the status of aircraft performance, how many hours has an aircraft operated and how many cycles was performed by an aircraft. Understanding how the aircraft is performing and its state is crucial for the correct asset management.

Aircraft asset management consists of:

Evaluation

Acquisition

Financing

Through-life management

Every operator has specific requirements, so a program needs to be customised to fit the owner of the aircraft. Aircrafts are extremely interesting and complex assets. Managing a commercial aircraft requires a lot of resources throughout its lifetime, so it is airworthy and well-kept.

 The purpose of aircraft engine components supply asset management programs is to increase aircraft permanence and optimise costs to the owner, among others. Magnetic Trading offers a specially-made Total Asset Management Program, ensuring a smooth maintenance repair and overhaul process and full-scope operations, from advanced asset evaluation to serviceable unit instalment. It offers services from the acquisition of an asset to the disposition of it.

The asset management services for magnetic trading are one of the lead services. Services of magnetic trading involve removal and installation, BSI and visual inspections, repairs and overhauls, lease and spare units availability, outright sales and exchanges, technical data and historical records evaluation, available spare parts fixing, logistics and transportation services, customised asset-based finance solutions as well as many other services that contribute to the betterment of an aircraft.

Even when an aircraft is maintained for a very long time and the parts are refurbished and replaced it is still an asset that holds a major value, this can be obtained with the correct care and maintenance of an aircraft.

[magnetictradingblogg]

aircraft spare part

Magnetic Trading is the leading aircraft spare parts provider. We specializing in product lines such as landing gears, escapes slides, APUs, and similar assets for Airbus, Boeing, ATR, and other aircraft types.

aircraft spare part

[magnetictradingblogg]

What is aircraft asset management?

Aircraft asset management aims to comprehend the real value of an asset that includes aircarft asset management and engines. airbus spare parts is a systematic way of managing the parts, services, and resources related to one or a portfolio of aircraft over their usable life cycle. The process starts with acquisition and extends to the last disposition. It is often structured into a program that clearly identifies the needs and is based on certain aircraft asset owner requirements. This action is vital particularly when it comes to sustainability view.

There is a term commercial aircraft asset management that means when an aircraft is used by many people many times and you have to manage it by order of investors. In short, you have to manage the aircraft so the investment made can be returned to the investors and the commercial aircraft could experience minimal losses.

 In aircraft asset management you mainly report about events such as payments, the status of aircraft performance, how many hours has an aircraft operated and how many cycles was performed by an aircraft. Understanding how the aircraft is performing and its state is crucial for the correct asset management.

Aircraft asset management consists of:

Evaluation

Acquisition

Financing

Through-life management

Every operator has specific requirements, so a program needs to be customised to fit the owner of the aircraft. Aircrafts are extremely interesting and complex assets. Managing a commercial aircraft requires a lot of resources throughout its lifetime, so it is airworthy and well-kept.

 The purpose of aircraft engine components supply asset management programs is to increase aircraft permanence and optimise costs to the owner, among others. Magnetic Trading offers a specially-made Total Asset Management Program, ensuring a smooth maintenance repair and overhaul process and full-scope operations, from advanced asset evaluation to serviceable unit instalment. It offers services from the acquisition of an asset to the disposition of it.

The asset management services for magnetic trading are one of the lead services. Services of magnetic trading involve removal and installation, BSI and visual inspections, repairs and overhauls, lease and spare units availability, outright sales and exchanges, technical data and historical records evaluation, available spare parts fixing, logistics and transportation services, customised asset-based finance solutions as well as many other services that contribute to the betterment of an aircraft.

Even when an aircraft is maintained for a very long time and the parts are refurbished and replaced it is still an asset that holds a major value, this can be obtained with the correct care and maintenance of an aircraft.

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What do maintenance, repair, and overhaul mean in aviation?

The aviation industry is extremely complex and challenging, many times there could appear multiple issues regarding an aircraft, if these issues appear the aircraft must be inspected immediately.

What do maintenance, repair, and overhaul mean in aviation?

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maintenance repair and overhaul

In our Repair Management program we offer aircraft engine maintenance, repair and overhaul (MRO) services. We operate hand-in-hand with our customers and act as an internal department to provide a seamless experience.

maintenance repair and overhaul

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airbus spare parts

Magnetic Trading is the leading aircraft spare parts provider. We specializing in product lines such as landing gears, escapes slides, APUs, and similar assets for Airbus, Boeing, ATR, and other aircraft types.

airbus spare parts

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What does aircraft engine maintenance and repair involve?

An aircraft engine is one of the parts of an aircraft that needs to be checked very often in order to ensure that an aircraft is ready to be in operation. An aircraft engine aircarft asset management is considered as a step by step process that allows the health check up on the engine. Aircraft engine maintenance involves different processes that include washing and drying engine parts, both interior and exterior care for designs, taking apart the engine, overhaul and renewal of any parts of engine that needs attention.

What does aircraft engine maintenance and repair involve?

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What do maintenance, repair, and overhaul mean in aviation?

The aviation industry is extremely complex and challenging, many times there could appear multiple issues regarding an aircraft, if these issues appear the aircraft must be inspected immediately.

There are multiple aspects in the aviation industry that need to be taken care of. Over time an asset starts to need services that make its life cycle longer these services include maintenance, repair and overhaul. It is important to note that these services need to be done extremely well by professionals. The maintenance repair and overhaul, and overhaul mean understanding and evaluating the requirements of an asset in order for it to function properly while in operation.

It is important for maintenance, repair, and overhaul to be done in a quality manner and according to international standards.

Maintenance, repair, and overhaul are an important part of the aviation industry. The differences between maintenance, repair, and overhaul are very significant. When referring to aircraft, maintenance, repair, and overhaul are incredibly important and integral parts of maintaining an aircraft's healthy and overall condition.

The terms are very different from each other because of many reasons. Maintenance is aiming to keep an aircraft in a healthy operational state through continued routine and ongoing standard inspections, as well as includes taking care of less significant components that need to be replaced.

Repair is eager to target important and specific issues that occur unexpectedly, whereas, for example, overhauls tend to encompass rebuilding the important components or certain systems in order to prolong their operation and utilization of resources.

In the aviation industry, the three terms mentioned above maintenance, repair, and overhaul are often used in a three-letter acronym: MRO. All three types refer to specific-purpose inspection or service processes related to an aircraft:

Maintenance

Repair

Overhaul

An MRO is also considered a strong aircraft engine components supply maintenance facility, very competent to complete and interpret different types of aircraft maintenance and inspections.

As aviation is a highly regulated and a avery complex industry, the same applies to aircraft maintenance, as only a certified entity is fully able to operate as an MRO, and only a certified entity is able to perform maintenance, repair, and overhaul of an aircraft. Magnetic MRO serves as a prime example, as the Estonian-based company offers lots of different angles of aircraft based maintenance, painting, structural repair, and an amplitude of other services.

[magnetictradingblogg]

maintenance repair and overhaul

In our Repair Management program we offer aircraft engine maintenance, repair and overhaul (MRO) services. We operate hand-in-hand with our customers and act as an internal department to provide a seamless experience.

maintenance repair and overhaul