Magnetic Group (former names: Magnetic MRO AS, Maersk Air Maintenance Estonia and Air Maintenance Estonia) is an aviation maintenance company headquartered in

Tallinn Tallinn is the capital city, capital and List of cities in Estonia, most populous city of Estonia. Situated on a Tallinn Bay, bay in north Estonia, on the shore of the Gulf of Finland of the Baltic Sea, it has a population of (as of 2025) and ...

Estonia Estonia, officially the Republic of Estonia, is a country in Northern Europe. It is bordered to the north by the Gulf of Finland across from Finland, to the west by the Baltic Sea across from Sweden, to the south by Latvia, and to the east by Ru ...

. The company offers a full range of commercial airplane maintenance services. It is certified by the

European Aviation Safety Agency The European Union Aviation Safety Agency (EASA) is an agency of the European Commission with responsibility for civil aviation safety in the European Union. It carries out certification, regulation and standardisation and also performs inve ...

and the Federal Aviation Administration of the United States. The company operates worldwide. It is a subsidiary of Guangzhou Hangxin Aviation Technology.

History

The company was established in 1995 as a maintenance department of

Estonian Air Estonian Air was the flag carrier airline of Estonia between 1991 and 2015. Headquartered in Tallinn it operated scheduled services from Tallinn Airport. Prior to its closure, the airline flew from Tallinn to 11 destinations in Europe. From 19 ...

. In 2002, the maintenance department was separated from Estonian Air, and it became Maersk Air Maintenance Estonia, a company owned by

Maersk Air Maersk Air A/S was a Danish airline which operated between 1969 and 2005. Owned by the Maersk, A. P. Møller–Mærsk Group, it operated a mix of scheduled and chartered passenger and cargo services. Headquartered at Dragør, its main operating ...

. In 2003, the company was acquired by

SAS Group SAS AB, trading as SAS Group, is a Swedish airline holding company headquartered in Solna Municipality, Sweden. It is the owner of the airlines Scandinavian Airlines, SAS Link, and SAS Connect. As of 2024, SAS Group is owned by a group of s ...

. Accordingly, the company changed its name to Air Maintenance Estonia. In 2010, the company was bought by private equity and venture capital investor BaltCap. In 2014, the company was renamed Magnetic MRO. One year later the company established a sales and engineering office in

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan ...

. In 2016, Magnetic MRO acquired a United Kingdom-based aircraft interior company MAC Interiors (now known as Magnetic Creative). Also, in the same year, EngineStands24 was founded by Magnetic MRO. In 2017, the Estonian business promotion agency Enterprise Estonia selected Magnetic MRO as the ''Company of the Year'' and ''Exporter of the Year''. In 2017, Magnetic MRO with Crestline Investors formed a joint venture Magnetic Parts Trading Limited, to purchase aircraft and engines, parting them out and selling as individual components. In 2018, Magnetic MRO was acquired by Guangzhou Hangxin Aviation Technology from BaltCap, a move consistent with Magnetic's desire to expand into the Chinese aviation market. Since February 2019, bonds of Magnetic MRO with a redemption date in December 2021, have been traded on the

Nasdaq Tallinn The Nasdaq Tallinn AS, formerly known as the Tallinn Stock Exchange, is a stock exchange operating in Tallinn, Estonia. Nasdaq Tallinn is the only regulated secondary securities market in Estonia. The major stock market index is Nasdaq Tallinn, fo ...

exchange as part of the MTF First North list. Also in February 2019, MAC Interiors and Benniao Aviation created a joint venture MAC Sichuan to enter the cabin redevelopment market in China. In March 2019, Magnetic MRO has acquired Direct Maintenance, an

Amsterdam Amsterdam ( , ; ; ) is the capital of the Netherlands, capital and Municipalities of the Netherlands, largest city of the Kingdom of the Netherlands. It has a population of 933,680 in June 2024 within the city proper, 1,457,018 in the City Re ...

-based independent MRO provider that is specialized in Line Maintenance for narrow- and wide-body aircraft. In early 2020, the launch of Magnetic Leasing, a company with a focus on long and short-term aviation asset management and leasing, was announced. Also, in March 2020, Magnetic MRO announced that the MAC Aero Interiors production facility has been moved to Tallinn, Estonia. In 2021, Magnetic MRO was rebranded, Magnetic Group company was established, a new company structure was announced and a new brand mission was presented. At the beginning of 2022, Magnetic Group announced the expansion and the opening of its new representative office in

Miami Miami is a East Coast of the United States, coastal city in the U.S. state of Florida and the county seat of Miami-Dade County, Florida, Miami-Dade County in South Florida. It is the core of the Miami metropolitan area, which, with a populat ...

, the USA.

References

Companies of Estonia Aircraft maintenance companies 2002 establishments in Estonia {{Estonia-company-stub