Magnetic MRO, a Total Technical Care and Asset Management organization, has announced the recent signing of cooperation and representation agreement with Component Overhaul Services (COS), commercial/regional landing gear, accessory, and airframe repair station located in Miami, Florida.
The recent agreement is the extension of previous ad-hoc cooperation between two companies and allows Magnetic MRO to work as the exclusive representative of COS in the European and African markets, providing landing gear overhaul and repair services.
„Although we have been working with Component Overhaul Services for many years, this exclusive agreement is a big step forward for both companies. It is a perfect example of a long-lasting partnership that holds many benefits not only for us but to our clients also, as we can provide better pricing on landing gear maintenance events,“ shared Eigirdas Keblikas, VP Asset Trading and Leasing at Magnetic MRO.
„Magnetic MRO has always been a trustworthy and valuable partner for us with a great track record; thus, the exclusive agreement is a natural step forward in this partnership that allows the growth for both companies. With the expansion of our new facilities here in South Florida and added capacities, we hope to strengthen our brand and relationship for the foreseeable future with Magnetic MRO, “ added Julio Medina, General Manager at Component Overhaul Services.
In 2020, Magnetic MRO performed 25 landing gear overhaul and repairs while representing COS, and, according to companies representatives, the aim to double the number throughout 2021.