Magnetic Trading extends partnership with Lufthansa Technik Landing Gear Services UK

Magnetic Assets

Magnetic Trading, part of Magnetic Group, has announced they have recently signed the landing gear long-term lease agreement with Lufthansa Technik Landing Gear Services UK.

The recent agreement was signed as part of Magnetic Trading's newly launched Total Asset Management Program, 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.

„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.

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.