Saudi Arabia signs aircraft maintenance deal with Estonia-based firm

Magnetic MRO signed a memorandum of understanding (MoU) with Saudi-based First Premium for Support Services (FPSS) for joint European Aviation Safety Agency (EASA)-compliant maintenance, repair and operations (MRO) operations in the Kingdom.

Headquartered in Estonia, Magnetic MRO is a global provider of total technical care for aircraft operators and lessors.

Established in Saudi Arabia in 2014, FPSS is a provider of solutions and services for aircraft maintenance and repair.

Under the MoU, the two companies will jointly establish and develop wheel & tire, brake, oxygen refill, and battery shops suitable for aircrafts in Jeddah.

At later stages of the cooperation, Magnetic MRO and FPSS will also consider launching an engine stands hub, operated by Magnetic MRO’s subsidiary EngineStands24, as well as an EASA 147-compliant technical training school and EASA 145-compliant line and base maintenance facilities in Jeddah.

“The partnership comes in line with Magnetic MRO’s vision to support the development of the regional aviation industry by providing Saudi airlines with access to the company’s high-quality services and innovative solutions,” Risto Mäeots, CEO of Magnetic MRO, said.