Magnetic Engines receives regulatory approval in South Africa
CAPA News Briefs
CAPA publishes more than 1,000 global News Briefs every week, covering all aspects of the aviation and travel industry. It’s the most comprehensive source of market intelligence in the world, with around 50 per cent of content translated from non-English sources. The breadth of our coverage means you won’t need any other news sources to monitor competitors and stay informed about the latest developments in the wider aviation sector.
Our daily News Briefs are only available to CAPA Members
Membership provides access to more than 1,000 News Briefs every week, with quick links to our Analysis Reports, Research Publications, Data Centre and more.
It’s easy to keep your News Briefs relevant by customising your email alerts based on topic, region, sector, frequency and more. Once you’ve saved your settings, you can stay up-to-date wherever you are, by quickly scanning our News Briefs online or via the CAPA mobile app.
Membership also provides full access to our Analysis Reports, in-depth Research Publications and comprehensive Data Centre. Premium CAPA Members can also access add-ons such as our exclusive Fleet Database, Airline Cask Data tools and more, to enjoy the full capabilities of our global platform.
Background ✨
Magnetic Engines signed a cooperation with Lufthansa Group subsidiary Group Engine Management to provide CFM56-5B repairs from May-2025 at its Tallinn workshop, with Magnetic Engines head of business development Victoria Goodenough citing single-agreement coverage across all CFM56 engines for Lufthansa Group operators1. In 2024, Magnetic Engines expanded its team by 20%, repaired 57 engines and grew its CFM56-5B/-7B share to 72%, while expanding its workshop area by 30% and starting LEAP capability development via CFM training2. Magnetic Group reported 2024 revenue of EUR172.26 million and EBITDA of EUR15 million, with Maintenance contributing 43% of revenue3.