Author: Annika

Direct Maintenance’s representatives – Managing Director Frank Daams, Operations Director Erik Verwijmeren and Sales Executive Mandeep Rana – attended the 119th International Airlines Technical Pool (IATP) conference, which was held in Athens, Greece from March 9^th to March 13^th.

The company’s representatives had a chance to meet existing and potential customers at the conference and get updates about the new EASA regulations and SGHA’s amendments. The topics discussed at the event were related to operational performance, contractual agreements, possible future needs of customers, customer issues, general market needs and trends, etc.

In addition to this, Direct Maintenance signed new contracts with some of our most valued customers – all of them for line maintenance services across the company’s network in Europe.

“Maybe even more important is the fact that we had a chance to meet with our customers, have good discussions with them, and have them know that we have listened to them – this gives an enormous increase in trust. Now it is up to us to filter all the information that we gathered so that we can support our customers at existing and new locations, and subsequently grow our business,” commented Direct Maintenance’s Sales Executive Mandeep Rana. “The IATP has given us, once again, loads of leads which help us to understand the customer needs and the market – with this we can expand and grow our line maintenance business.

Direct Maintenance had over 50 formal bilateral meetings with different airlines and many more informal meetings at the IATP conference.

Direct Maintenance has been an IATP associated member for a long time. The IATP conferences are member-only events that bring together technical departments from Airlines, technical supplier companies and Aircraft manufactures to speak about the market, its trends, needs etc. During the IATP, the participants have a chance to have consolidated meetings, pool meetings, training classes and bilateral meetings.

Magnetic MRO, a global provider of Total Technical Care for aircraft operators and lessors, celebrated the acquisition of Direct Maintenance, an Amsterdam-based MRO provider that’s specialized in Line Maintenance for narrow- and wide-body aircraft, with a ceremony that took place in Amsterdam on March 27th, 2019.

Magnetic MRO’s CEO Risto Mäeots, who was in Amsterdam to welcome the new company to the group, thanked the staff of Direct Maintenance, the group’s shareholder Hangxin, bond buyers and everyone who was involved in the acquisition process in his speech.

“We have grown from a company of 180 employees to a company of 520 employees, Direct Maintenance staff included; we have grown from a 12 million euro revenue to a 120 million euro revenue within 6 years. That gives us confidence that we are doing something right and we are doing something with great passion,” Mäeots added.

In his speech, Direct Maintenance’s Managing Director Frank Daams thanked the management of Magnetic MRO and Hangxin for the trust and belief they’ve shown in Direct Maintenance. “Today’s event marks a new step for Direct Maintenance and all my fellow coworkers. In fact, I would like to consider this acquisition as a huge compliment to all our staff members. Their hard work and dedication has made Direct Maintenance to what it is today.”

Signed in February 2019, the deal between the two companies covers the transfer of 100% of Direct Maintenance’s shares from its previous owner Direct Aviation Group to Magnetic MRO. It also includes the right for the newly acquired company to keep operating under the Direct Maintenance brand.

Magnetic MRO, a global provider of Total Technical Care for aircraft operators and lessors, has completed the acquisition of Direct Maintenance, an Amsterdam-based independent MRO provider that’s specialized in Line Maintenance for narrow- and wide-body aircraft. The deal adds Airbus A380 and Boeing 787 to Magnetic MRO group’s capabilities, and doubles its global line stations network while allowing the Dutch company to keep the Direct Maintenance brand.

Signed in February 2019, the deal covers the transfer of 100% of Direct Maintenance’s shares from its previous owner Direct Aviation Group to Magnetic MRO. It also includes the right for the newly acquired company to keep operating under the Direct Maintenance brand. 

With a team of 140 employees, the Dutch MRO company provides a wide range of line maintenance services for narrow- and wide-body aircraft, including Airbus A340, A380 and A350, as well as Boeing 747, 777 and 787. The company also supports Embraer 170/190 and MD-11 aircraft types. Direct Maintenance’s network includes 8 countries and 11 line stations serving national flag carriers and major leisure airlines from Europe, Middle East, USA, Asia and Africa.

“I am glad to welcome Direct Maintenance as a new member to our group. I would also like to thank previous shareholders for a productive negotiation process and their belief in Magnetic MRO – we will support the company’s growth to a new level, continue offering premium value for its customers, and provide its team members with new opportunities for professional growth,” shares Risto Mäeots, the CEO of Magnetic MRO. “The acquisition is a part of our strategic development plan. It will allow us to further expand our total technical care program, as well as synergize Magnetic MRO’s and Direct Maintenance’s efforts in customer support, business development, and other areas.”

“For almost 20 years, Direct Maintenance has been carefully and very successfully building its global network of efficient and modern line support. By joining Magnetic MRO’s group, we gain stimulus for a new, even more ambitious and exciting step in our development. In addition, on behalf of the team, I would like to thank our customers for the long-standing trust, and, rest assured, they will be the main beneficiaries of our cooperation with Magnetic MRO,” said Frank Daams, the Managing Director of Direct Maintenance.