When BaltCap acquired Magnetic MRO (formerly Air Maintenance Estonia) in 2010 from SAS, the company focused on a limited scope of services and related-party customers. BaltCap saw an opportunity to develop an independent, leading aircraft MRO company in the region, supported by the industry trend of outsourcing maintenance.
Under BaltCap’s ownership the company upgraded its strategy to become a total technical care provider for commercial airlines, bolstered by a new management team. Its service capacity more than tripled, with two new hangars that were purpose-built by Tallinn Airport. Magnetic MRO also launched several new business areas, including aircraft interior design and manufacturing, engine maintenance, component support and a part-out business.
In early 2018, BaltCap sold Magnetic MRO to Chinese group Guangzhou Hangxin Aviation Technology.
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