Our story

INTRODUCTION

Our history is short, but we embrace and cherish every moment of our 30 years. Here, we highlight a handful of the key moments that define our history.

 

We are passionate about our past, present – and future!

  • 1995

    Magnetic Group predecessor, the Maintenance Department of Estonian Air, started its operations.

  • 2010

    Private equity firm BaltCap acquires 100% of Air Maintenance Estonia.

  • 2013

    Opening of the new heavy maintenance hangar in Tallinn.

  • 2014

    Company is renamed – Air Maintenance Estonia becomes Magnetic MRO.

  • 2015

    Started aircraft painting services to support Total Technical Care Positioning.

  • 2016

    • Launch of Enginestands24 – the first e-platform of engine stands.

     

    • Acquisition of MAC Aero Interiors – the first 3D printed products and a 3D visioning tool.

  • 2017

    • Launch of a joint venture with the US-based investment fund Crestline.

     

    • The multi-million vehicle starts end-of-life asset management and short-term leasing.

  • 2018

    • Hangxin acquires 100% of Magnetic MRO.

     

    • Magnetic MRO is awarded the titles “Company of the year” and “Exporter of the year”.

  • 2019

    • Magnetic MRO becomes the owner of the worldwide line maintenance provider – DirectMaintenance and enters the wide-body line maintenance business.

     

    • Magnetic MRO expands to South East Asia, and opens an office in Kuala Lumpur.

  • 2020

    • Our passion takes us far. MAC Aero Interiors opens a subsidiary in Sichuan, China.

     

    • Magnetic MRO wins Vocational Education and Training Excellence Award for the Best Training at Work program.

  • 2021

    • Rebranding and launch of Magnetic Group and the mission “To help aviation companies help the world.”

     

    • Group’s subsidiary MagneticEngines opens an engine shop which covers all CFM56 family engines.

  • 2022

    • Magnetic Group is experiencing rapid growth and opens an office in Miami (US).

     

    • EngineSTANDS24 expanded significantly by covering almost all engine types and major locations worldwide.

Future

We are more than a simple aviation company. Where do you see your future?

 

Our enthusiasm and dedication can be felt across the Magnetic Group and now in the entire universe!

  • 2030

    • Magnetic Group has a strong global presence with new offices worldwide.

     

    • Magnetic Creative has enters into VTOL (a Vertical Take-Off and Landing.)

  • 2061

    Establishment of Magnetic Space, the company partnering with space flight companies to maintain reusable rockets.

  • 2096

    Power-by-the-light-year contract to cover spare parts supply for all the different vehicles in our galaxy.

  • 2353

    • The most passionate space stations open in orbit. Our line maintenance engineers teleport between stations.

     

    • Our mission changes to “Help space companies help the galaxy”.

  • 3000

    Our group has its planet, the Magnetic 101.