50 SKY SHADES - World aviation news

Magnetic Leasing first contract landing gear lease - Ryanair

Download: Printable PDF Date: 19 Jan 2020 12:15 (UTC) category:
Publisher:
Magnetic Leasing first contract landing gear lease - Ryanair - Finance publisher
Dana Ermolenko
Aircraft: Airplanes

Magnetic Leasing has signed a deal with Ryanair, Europe’s largest airline, for a landing gear lease. The agreement covers an 8 month lease period during which the landing gear will be used on different aircraft based on the carrier’s demand.  Magnetic Leasing has already delivered its landing gear to Ryanair’s maintenance base at London Stansted (STN) where it has been installed on one of the carrier’s Boeing 737-800s. The leased nose and main gears will be used as a spare set to cover the overhaul period of the airline’s multiple landing gears. 

“Our parent company Magnetic MRO has been supporting Ryanair for many years now, and with the launch of Magnetic Leasing we seized the opportunity to expand our cooperation. Coupling extensive in-house technical capabilities with our vast market expertise, we are able to locate, restore and remarket various aviation assets – from landing gears and engines to complete aircraft. We have big ambitions to grow our leasing business and the deal with Ryanair it is a real feather in our cap so early on,” shares Alex Vella, the Chief Operations Officer at Magnetic Leasing. 

Currently, Magnetic Leasing manages an asset portfolio which includes Airbus A320 FAM, Boeing 737 NG and Boeing 737 CL aircraft, as well as CFM56-3, CFM56-5B, CFM56-7B, V2500-A5, RB211-535 engines and multiple Airbus A320 FAM and Boeing 737 NG/CL landing gear sets.



Loading comments for Magnetic Leasing first contract landing gear lease - Ryanair...


Recommended

Evolito to electrify aerospace market with ultra-high performance, low-weight electric motors

Evolito, a new company developing and manufacturing electric motors and power electronics for aerospace applications, launched publicly today as a privately-owned business. Evolito was spun out e...

GEMINI WINGS adds another plane to their alliance fleet

GEMINI WINGS is adding another plane to their growing fleet of contracted planes and helicopters which they represent as exclusive sales agent. GEMINI WINGS, an innovative Czech aviation company based...

Volocopter and Geely Joint Venture orders 150 Volocopter aircraft

 Volocopter and Aerofugia, a subsidiary of China's innovation-driven group, Geely Technology Group, announced the finalization of their joint venture  company to introduce UAM in Ch...

Airbus began assembly of first future eco-wing prototype

 Wing of Tomorrow is a major Airbus research and technology programme, has reached a key milestone with the assembly of its first full-size wing prototype. The Wing of Tomorrow programme...