Magnetic Group

The industry is facing a shortage of aviation professionals nearing 600K skilled personnel over the coming decade. Despite aviation maintenance growing to meet the demand, the ability to find, train, and retain qualified technicians has become a bottleneck across Europe. Jan Kotka, Managing Director of Magnetic MRO, elaborates, "Like other companies in this sector, we are also navigating this increasingly urgent workforce challenge. In the past 12 months, we've hired 64 new people – primarily unlicensed junior staff. Yet, the number of onboarded licensed engineers during the same period is alarmingly small and indicative of a systemic talent supply gap.” Unveiling recruitment approaches At  Magnetic MRO , we focus on attracting skilled individuals with vocational training and experience through recruitment channels like vocational schools, reskilling programs, direct outreach, and regional partnerships – while actively collaborating with technical schools as well as youth init...

  Magnetic MRO , a Tallinn-based aircraft maintenance, repair, and overhaul (MRO) provider and a sub-brand of Magnetic Group, is proud to announce the completion of its 900th base maintenance check, delivered for long-standing customer Scandinavian Airlines (SAS). Completing an extensive 6-year base maintenance check on A320neo family aircraft is a testament to the partnership and the expanding scale of maintenance operations over the years. According to the Base Maintenance Director at Magnetic MRO, Sergei Shkolnik : “This 900th check is another significant accomplishment for Magnetic MRO’s base maintenance. The project signifies the increase in pace: it has taken 11 years to reach the first 300 checks, 6 years to go from 300 to 600 checks, and 4.5 years to complete 900. Another noteworthy nuance of this 900th check is that it is performed on new generation A320neo family aircraft, which form the backbone of the European aviation single-aisle commercial fleet for the coming future...

  Reflecting on 2024, the year signified pivotal turning-point milestones and challenges for the aviation industry, marked by record-breaking growth in passenger capacity, heightened safety concerns, impactful political decisions, supply chain disruptions, and evolving sustainability efforts.   From the company's perspective, Magnetic achieved an 18% increase in sales targets Group-wide. Two sectors led the way:  Magnetic Maintenance   and Magnetic Assets, which showed growth in each business unit's bottom line.    Financial Results In 2024, the Group reached Euro 172,256 thousand in revenue, Euro 15,003 thousand in EBITDA, and Euro 5,864 thousand in net profit. Revenue is divided between segments: 43% is generated by the Maintenance sector, 55% by Assets, and 1% by Talents.    EBITDA increased by 57.5% compared to the previous year, driven by a recovery in aviation market demand, a focus on strategic projects, and improved operational efficiencie...

  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. In response to recent legislative updates concerning OJT, ILT conducted a review of Magnetic MRO's OJT program in the summer of 2024. Following the review, the ILT has identified discrepancies, the majority of which Magnetic MRO strongly disagrees with regarding both substance and severity. While this has a significant impact on Magnetic MRO, it is the engineers who are currently facing the direct consequences of ILT's current actions and lack of actions in the...

    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. As EN 9110 is an internationally recognized aerospace Quality Management System (QMS) standard, it is designed for organizations specifically involved in maintenance, repair, and overhaul (MRO). It builds upon general QMS principles, such as those in ISO 9001, yet is tailored to the requirements of the aerospace MRO sector, with a strong focus on regulatory compliance, airworthiness, and safety management. "To gain the certification, a rigorous assessment was undergone against EN 9110, all to guarantee the excellence of solutions and standards provided. Compliance with this requirement also ensures that we can meet the expec...

  For years,  Magnetic Group  has cultivated a culture of growth and nurturing with the intention of helping our talents develop internally. As part of the initiative, we consistently offer opportunities for students across various divisions to gain real-world and hands-on experience to kick-start their careers. Steffi Sikmann, former HR Intern and now HR Assistant; Martin Paberit, former Basic Mechanic Intern and now Lead Mechanic; and Elisabeth Toomik, prior Basic Mechanic Intern and now Engine Workshop Apprentice, all three are now furthering their professional journeys at the company.   What was the "Aha!" moment during your internship when you realized you wanted to be part of this team long-term? Steffi: I had my "Aha!" moment in just the second or third week of my internship. I was entrusted with significant responsibilities early on, tasks I wouldn't have dared to ask myself. But my team believed in me, provided guidance, and supported me all throughout....