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asset management for aviation

We deliver tailored asset management for aviation, focusing on high-demand narrow-body aircraft. Our end-to-end programs include technical audits, lease contract support, and remarketing services—empowering airlines, MROs, and investors to manage and optimize aviation assets with confidence.

asset management for aviation

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From Banking to Aviation: 5 Leadership Lessons Applicable Across Sectors

In today's fast-moving world, most industries have been impacted by technological innovation and geopolitical shifts, making the business environment ever-changing. To stay ahead, companies need to be agile and be able to anticipate what's coming, which also applies to recruitment, team management, and cultivating culture. 

Airina Kacienaite-Krake, Managing Director at Magnetic Trading, has over 15 years of experience managing cross-cultural teams. She talks all about her experience and what it takes to unify and lead the team globally

When was the first time you stepped into the leadership role?

Airina: Looking back, I've always had a knack for managing and organizing. Even when I was little, I'd organize concerts and led our market sales, including allocating tasks and responsibilities to other kids. Seemingly, this inner instinct and drive to be proactive and gather these around has been there ever since. However, the first official managerial role was in the sales department of what was later known as Swedbank Lizingas. Starting with a team of 11 people, ranging from active to sales to support.

At that time, I was young and determined to prove that I could effectively manage the team, successfully grow it, and take on responsibility. I worked with VIP clients, each requiring flexibility and responsiveness to the changing market conditions. The competition was fierce, and the banking crisis forced us to look for out-of-the-box, innovative solutions while not just matching but also surpassing expectations. Then, the start of understanding began that not only numbers and profits matter, but also building a human-centric approach to connection, both your team and clients.

Ever since then, what are the five core leadership lessons you’ve learned throughout the years? 

Airina: With over 15 years of leadership experience working in very different sectors, I have realized that true leaders are not limited to strategies or KPIs. They develop people and create environments, sometimes even requiring you to step over yourself to connect very different personalities. Here are five lessons that have been fundamental for me:

You can't apply one standard to people; leadership is individualized. I realized very early on that you can't use the same leadership style for everyone. Some people need clarity, solid KPIs, and strict frameworks; others need freedom and trust. My duty as a leader is to get to know people, understand their motivations, and adapt communication and tasks to make them feel visible and vital.

Be human-centric. We've worked with various clients in both banking and aviation. And yet, behind every contract, there are people who experience stress, pressure, personal experiences, and sometimes doubts. Leadership for me means assigning tasks and caring for people: sometimes, it's a conversation about life and not just about plans, goals, or results. This humanity returns in loyalty and trust.

Decisions must be quick, not impulsive, and strategically measured. Especially during a crisis, I learned not to be afraid to act. One of the most striking examples in recent years is when the war in Ukraine began; our profit from the Russian region accounted for about 30% of all income. The situation required a quick, clear plan on how to cover the financial gap that had arisen. In a short time, our team and I planned new directions and opened new markets, which helped stabilize the situation and strengthened our flexibility.

Talk about others' growth as if it were your own. One of the strongest feelings is when a member of your team gets a promotion or leaves to lead a new team. I always try to make sure that the people around me grow professionally and as personalities. And sometimes, unfortunately, that means letting the strongest people go to other projects or countries or maybe even out of the company. But I think that's the sign of true leadership, as a strong team shouldn't be stagnant.

Culture is built through actions, not presentations. No matter what sector you work in, people are not watching what you say; they are watching how you behave. If you talk about openness but are not prepared to listen to criticism yourself, it doesn't work. If you talk about a team but blame some people for the mistakes of others, the culture collapses. You lead by example, and authentic behavior is the most enduring form of leadership.

What are the essential elements of a strong and inclusive culture, especially when leading a department of global talents? 

Airina: A strong and inclusive culture is not something we write on our walls or our T-shirts. It's something people experience every day: how they are addressed, how mistakes are responded to, how achievements are celebrated, and whether they can express an unpopular opinion. 

Leading a global team with different cultures, time zones, mentalities, and even understandings of how work should be done and what "good, quality work" is, consistency, clarity, and empathy become the most important. These are the fundamentals without which, in my experience, a sustainable culture cannot exist:

Safety to be yourself. People need to feel safe to express their opinions, even if they differ from the majority.

Shared values but not uniform expression. For example, we may all believe in openness or expressing an open opinion, but how people express it in Asia, the USA, or Lithuania will be very different.

Clear communication. Clarity, openness, active listening – this is the essence of everything. It is also essential not to be afraid to repeat things to ensure that everyone is on the same page.

Show interest in people. Calls, meetings, and even 1:1 should not be just about work but also inclusive of their personal lives.

Initiative is encouraged but not imposed. It is crucial to create an environment where a team member feels able to contribute and is not obliged to be seen.

When applying some of these principles, culture doesn't remain just a background. It is more like it solidifies the foundation of a house upon which results, trust, and innovation are built.

How do you know someone is going to be a high performer and a good fit for the team? Are there any tell-tale signs? 

Airina: Over the years, I have realized that a CV and even excellent answers in an interview do not guarantee that a person will fit into the team. Therefore, I personally participate in each final selection stage, even if it means an additional workload. It is essential for me to feel a person's vibe, how they communicate, how they react to openness and provocative questions, and whether their energy and values ​​resonate with what we, as a team, are creating.

My approach is as follows: waiting a little and finding the right person is better than quickly filling the position with just anyone. I also always pay attention to two things – whether a person wants to learn, grow, has what is called a "can do" approach, and whether they can accept feedback without being defensive. These traits often say a lot about how much a person will grow and how long they will remain a good specialist and a "healthy" team member.

What advice would you give to someone starting his or her aviation leadership role? 

Airina: Be prepared for constant change, fast pace, and uncertainty. Aviation is not a sector where you can settle in your comfort zone. Something is constantly changing: customer needs, geopolitics, customs policy, etc. Another thing is to trust the people around you. You can't know everything – especially in technical, operational, and regulatory issues. However, you can be that person who connects the dots, builds trust between teams, and helps everyone go in the same direction. Be curious, ask questions, but most importantly – hear the answers.

Also, sometimes your decisions will not be popular, but they will be necessary. When you must act quickly (which is always the case in aviation), there will not always be time for collective discussion and democracy. The most important part is to be able to explain why you made a particular decision and to be ready to take responsibility. And most importantly, don't forget about simply being a human. If people around you feel trust, appreciation, and belief in a common mission (which they are taking part in), this is a strong foundation for success. I would even go as far as to say more than half the work is done.

Article source:- https://www.magneticgroup.co/from-banking-to-aviation-5-leadership-lessons-applicable-across-sectors/

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Line Maintenance Behind the Scenes: Building a Winning Team for Tomorrow

In line maintenance, technicians work hard to keep aircraft engine components supply safe and airworthy between flights. With a network of 15 stations in the largest airports across Europe and Africa, our teams handle everything from scheduled inspections to AOG urgent technical fixes, ensuring planes depart again in top condition.

As they say, in our line of business, aircraft don't wait. Arrival and departure times are strict. The technical staff who maintain the aircraft work close together to meet tight deadlines. This creates a unique environment where technical skills and teamwork are equally important.

To understand what it takes to succeed in the line maintenance field and how Magnetic Line builds a team for tomorrow as an employer, we spoke with Amsterdam-based Ellen Koster, HR Manager at Magnetic Line. Below, she shares more details about the current market and how the company invests in its people.

Within the competitive market, skilled technicians hold the power

"The global shortage of aviation technicians is the number one topic for everybody in the line maintenance repair and overhaul business," Ellen explains. "To stay ahead, all employers are taking necessary measures, such as raising salaries, improving benefits, and stepping up their recruitment efforts. It's a candidate-driven market, where skilled professionals have more job security and more opportunities to grow."

Magnetic Line focuses on both attracting new talent and nurturing the people already in the team. "We invest in internal development," Ellen says. "For mechanics, we're working on a plan to combine practical work with achieving Part-66 modules. For experienced engineers, we offer type rating courses. In the past 3 years, our engineers have completed as many as 249 type-rating courses. 

There's also the much-welcomed opportunity to work at other stations across our network." This so-called "interstation relief" makes it possible for our staff to develop and grow further, connect and learn from colleagues on other stations, and dive into different cultures. Especially interstation relief in our African stations Zanzibar, Mombasa and Entebbe are very popular with our staff (not in the least because of the option to extend interstation relief with some well deserved holiday). We believe the possibilities for such an exchange will only grow in the future; last year alone, there were only around 30 employees supporting their colleagues at other stations. From short relief of a couple of days to longer relief of up to three weeks.

What does the company look for in an employee?

What does it take to be a great line maintenance technician? According to Ellen, it goes beyond technical skills. "Of course, people with technical expertise and practical experience are needed. But personality and passion matter equally so. Our business is divided into geographically separated stations that are more like individual teams. These teams work closely together, communication and cooperation are crucial. Skills can be learned, but your attitude and character are what make you a good fit with the Magnetic Line team and our company culture. There are so many options to develop yourself within the company. For instance, our current Amsterdam Station Maintenance Manager originally joined us as an intern more than 10 years ago. We are also very proud of our (for now, the only one) female Lead Engineer for Mombasa and Zanzibar, who joined in the role of mechanic. We always look for the potential in our employees and how we can develop this further."

"Looking at the skills needed in the future, digital tools for maintenance logs and logistics are becoming more common," Ellen notes. "We're seeing constant innovations, so technicians need to stay tech-savvy and committed to learning".

Why come work for us?

As part of Magnetic Line, our employees benefit from belonging to a larger organization while maintaining the personal touch of a smaller independent line maintenance business, "We prioritize work-life balance, competitive compensation, and career growth," Ellen says. "It's not just about getting the job done; it's about feeling valued and supported with having the freedom to make decisions."

Next to the stations in our network, we have a very supportive head office in Amsterdam, constantly cooperating with the busy stations. The head office team plays a crucial role in ensuring smooth operations and providing administrative, operational, and technical support to our stations.

The company recruitment process is designed to be as simple and human-centered as possible. "We've automated a lot of the administrative work so we can focus on what really matters - our people. If someone needs a tailored solution because of their personal circumstances, we work to make that happen."

Thinking of Applying? Here's What You Should Know

If you'd like to work in small, forward-thinking professional teams where you have both freedom and responsibility, Magnetic Line might be for you. For those who are considering a career with Magnetic Line, Ellen's advice is simple: "Check out our open positions and send in your application. We're looking for people who want to be part of a team, thrive in a dynamic environment, and aren't afraid to take responsibility. We'd love to have you on board if that sounds like you."

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magnetic talents

For top-tier talent and qualified individuals in a variety of industries, Magnetic Talents is your go-to source. Our specialty is finding and connecting skilled workers with companies that require specific knowledge. Allow us to assist you in identifying the ideal applicants to strengthen your team and further your corporate objectives.

magnetic talents

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Magnetic Group Gains EN 9110 Certification Renewal with Expanded Scope for Engine Maintenance

Magnetic Group has successfully renewed its EN 9110 certification, now extending to include engine maintenance, repair, and overhaul services. For Magnetic Engines' customers, the expanded EN 9110 certificate scope provides additional assurance of consistent engine maintenance services and compliance with the highest aviation industry standards.

Magnetic Group Gains EN 9110 Certification Renewal with Expanded Scope for Engine Maintenance

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magnetic talents

For top-tier talent and qualified individuals in a variety of industries, Magnetic Talents is your go-to source. Our specialty is finding and connecting skilled workers with companies that require specific knowledge. Allow us to assist you in identifying the ideal applicants to strengthen your team and further your corporate objectives.

magnetic talents

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Magnetic Group Gains EN 9110 Certification Renewal with Expanded Scope for Engine Maintenance

Magnetic Group has successfully renewed its EN 9110 certification, now extending to include engine maintenance, repair, and overhaul services. For Magnetic Engines' customers, the expanded EN 9110 certificate scope provides additional assurance of consistent engine maintenance services and compliance with the highest aviation industry standards.

Magnetic Group Gains EN 9110 Certification Renewal with Expanded Scope for Engine Maintenance

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airbus spare parts

Genuine Airbus replacement parts from Magnetic Trading are reliable and provide top-notch solutions to keep your fleet operating efficiently. Fast deliveries and less aircraft downtime are guaranteed by our large inventory and effective service.

airbus spare parts

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magnetic training

Magnetic Training provides specialized programs to improve the abilities and expertise of your staff. Our training courses, which offer both in-person and virtual learning options, are tailored to your company's unique requirements. Give your staff the tools they need to thrive and propel your company forward.

magnetic training

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Magnetic MRO: The Recent ILT’s Decisions on OJT Require to be Challenged

At magnetic leasing MRO, we have been delivering high-quality, compliant, and industry-recognized On-the-Job Training (OJT) for aircraft maintenance engineers since 2016. Our OJT program has been consistently approved by the competent supervisory authority - Estonian Transport Administration - and recognized by multiple aviation authorities from around the world, including the Dutch Human Environment and Transport Inspectorate (ILT)/KIWA, for the issuance of Aircraft Maintenance Licenses (AML) and type ratings.

Magnetic MRO: The Recent ILT’s Decisions on OJT Require to be Challenged

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airbus spare parts

Genuine Airbus replacement parts from Magnetic Trading are reliable and provide top-notch solutions to keep your fleet operating efficiently. Fast deliveries and less aircraft downtime are guaranteed by our large inventory and effective service.

airbus spare parts

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Meet the Team: Vitalija Pukstiene

Magnetic Trading is known for its comprehensive component and spare parts provider services. But who is behind the scenes, ensuring all processes run smoothly? This time, Vitalija Pukstiene, Sales Support Lead, introduces her role intricacies and its evolution over the years.

How has your role at Magnetic Trading evolved over the years?

Vitalija: In 2017, I joined as a Sales Assistant with a particular task to complete: help arrange and organize orders for our bigger clients. Back then, we had three contracts, encompassing slide repairs and exchanges, repair management, and NDT for brakes. With time, the scope increased, so I assisted the entire Magnetic Trading sales team.

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After some time, the former manager included me in the monthly results review; I had to understand this area as well. After some time, he included me in the audit; at that time, it was ISO. Since we did not have clear internal processes, I got this task. Once all these tasks were completed, the position was changed to Sales Process Supervisor. The scope remained the same, but I also had to supervise whether the transactions we carried out met the quality standards.

When Airina joined as the Head of Sales, my title changed to Sales Support Team Lead, leading a small team that now has a few more additional members. The role includes managing the whole support team, task delegation, ensuring smooth processes globally and their timelines, responding to the current procedures, among others. After the maternity break, the team has grown and diversified the work from overseeing US operations all the way to curating wheels and brakes product lines or engine material repairs.

Within your current role, what are your current responsibilities and primary focuses for 2025?

Vitalija: As for my current role, I ensure the quality of all transactions carried out by the entity, participate in audits, occasionally take on a larger deal, and review the department's stock balances and financial statements. Facilitating Quantum improvements or process overviews, including any necessary updates and adjustments. All this requires collaborating closely with the IT department.

In a nutshell, it could be split into two categories: managing financial information such as assets, inventory, Statements of Account (SOA), and vendors and addressing related inquiries. Then, adherence to quality procedures will be ensured, with monthly reviews of transactions to identify and rectify any deviations. We collaborate with the quality department often to ensure that our daily activities are aligned with all required procedures.

Moving forward, this year, I will be supporting the receival of ASA-100 accreditation for our Malaysian entity, updating the processes of the Magnetic Trading department, and syncing different data management software, among heaps of other things that will help our daily operations. 

In retrospect, what were some of the more significant challenges you had resolved and projects completed?

Vitalija: From the stock reallocation from Estonia to the US and setting proper processes there to participation in JPM (joint procedure manual) between MMRO Malaysia and service provider APACS, there is never a dull day at the Magnetic Trading department. One more fundamental project was having the chance to contribute to the original mapping of all processes because years ago, we did not have any.

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What skills and qualities do one need to lead a sales support team?

Vitalija: I would say understanding of sales processes, technical skills (systems in use), patience (we are all very different), listening to the people (team members), and finding the best solution together with having a problem-solving mindset (courage, seeking and identifying the problem, have ideas how to solve them). 

What’s your favourite memory with your team? Vitalija:  This is a tricky question, as dozens have accumulated by now. We’ve become like a family over the years. However, if I had to choose one or two, it would be a trip to Ignalina Nuclear Power Plant six years ago, which involved a fact-packed, enjoyable tour and some team bonding activities afterwards. Another one would be my current trip to Kuala Lumpur, having the chance to see such far-away places is always memorable.

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Line Maintenance Behind the Scenes: Building a Winning Team for Tomorrow

In line maintenance, technicians work hard to keep aircraft engine components supply safe and airworthy between flights. With a network of 15 stations in the largest airports across Europe and Africa, our teams handle everything from scheduled inspections to AOG urgent technical fixes, ensuring planes depart again in top condition.

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aircraft spare part

A wide range of airplane spare parts that satisfy the highest industry standards are provided by Magnetic Trading. Our prompt and effective services guarantee that your aircraft has less downtime and is prepared for flight.

aircraft spare part

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Meet The Team: Sona Mirzayeva

Once the chapter in the IT industry was complete, Sona Mirzayeva, Training Coordinator at Magnetic Training, joined the sub-brand of Magnetic Group as she has always had a flair for aviation. Get to know Sonia’s background, day-to-today work, and what she loves doing in her free time.

How did you start your career journey with Magnetic Group?

Sona: I’ve always been curious about the aviation industry and its fast-paced, dynamic environment. However, until recently, I hadn’t had the chance to experience it firsthand. My professional journey began in the IT sector, where I focused on Project Management and QA engine material. I enjoyed working with people, managing projects, and seeing the results of my efforts.

What are your primary responsibilities? 

Sona: As a Training Coordinator, my primary responsibilities include organizing and managing training programs for our team. Over time, I’ve worked with various types of training, including specialized courses tailored to different aircraft landing gears models like the A320 and B737. 

I make sure that all training sessions are well-planned, effective, and meet the needs of the staff. This involves coordinating schedules, ensuring that the right resources are available, and keeping the training content relevant and up-to-date.

My work focuses on helping others develop their skills and grow professionally, which I find very rewarding. It’s fulfilling to know that the training programs I organize contribute to both the individual success of team members and the overall goals of the organization.

What are the main challenges in your line of work?

Sona: The main challenge is coordinating schedules and making sure everything runs smoothly. Balancing the needs of different teams and ensuring everyone gets the intended training at the right time can be tricky, but it’s also what makes the job interesting.

What do you appreciate the most in your work?

Sona: I love helping others grow and learn. It’s very rewarding to see people improve their skills and become more confident after training. Knowing I can support their personal and professional growth makes me feel proud of what I do.

Another thing I value is that my job allows me to keep learning. Every project or task teaches me something new, whether it’s about new tools, fresh ideas, or better ways of doing things. This keeps my work exciting and helps me grow, too.

Overall, I feel proud knowing that my work makes a difference—whether it’s helping someone reach their goals or contributing to a strong, supportive workplace.

What hobbies do you have?

Sona: Besides my work, painting and cooking are some of the ways to express myself. I’m inspired by the peaceful beauty in Claude Monet’s paintings, such as Water Lilies, Impression, and Sunrise. His use of light and color makes me see the world in a different way.

I also admire the work of Tahir Salahov, especially his painting To You, Humanity. As an Azerbaijani, his art feels close to my heart. This painting shows the strength and dignity of people, and it reminds me of the resilience and humanity we all share. His bold and powerful style always inspires me.

What’s your next destination? 

Italy is my favorite destination to travel to because of its rich history, culture, and delicious food. Also, Greece is on my go-to list, and I’m planning a trip there soon. It has beautiful landscapes, a rich history, and a vibrant culture. 

There are plenty of must-visit sights: the Parthenon, the Temple of Olympian Zeus, and the Ancient Agora. The islands like Santorini and Mykonos look incredible, too. And I’m also really excited to try food things like moussaka and souvlaki.

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New chapter: Magnetic Group Opens New Office in Miami

Christian Mejia, Sales Director at Magnetic Trading, shared his excitement about the recent expansion in the region: “Looking back at the last two years, I’m amazed at how much we’ve grown. Lots of effort and dedication have been put in, but I can confidently say this is a testament to hard work -and it’s just the beginning.”

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engine material

Magnetic Trading offers premium engine materials for a variety of aircraft models. Our selection of high-quality materials meets the most stringent industry standards, ensuring the long-term performance and dependability of aviation engines under challenging circumstances.

engine material