Air cargo options agency Magma Aviation stories that it made vital progress when it comes to total development and enlargement in 2024.
With its strategic hubs in Europe and expansions in Dubai and Dublin, Magma Aviation is well-positioned to make substantial enhancements in operational effectivity and market protection.
Final 12 months, Magma Aviation signed a multi-year contract with Worldwide Flight Companies (WFS) for freighter dealing with at Belgium’s Liege Airport (LGG) with the intention of enhancing dealing with capabilities.
As well as, the corporate additionally added narrow-body plane to their fleet, marking a big step in diversifying and optimizing their operational capabilities.
Transferring into new headquarters
To capitalise on leasing alternatives the corporate opened a brand new world headquarters in Dublin.
Moreover, Magma Aviation opened a further workplace in Dubai to strengthen its business presence within the East and entry new markets.
Magma Aviation CEO Peter Kerins stated: “2024 was a really thrilling and difficult 12 months for us. We set out on a plan to take advantage of the assets we have been utilizing. It will proceed as we develop, however the one factor we launched, and which we all the time be mindful, is being fast to adapt. Contemplating the expansion of Magma Aviation over time, I feel the power has been our folks. Our group are specialists in what they do.”
Final 12 months the air cargo business noticed an 11.3 % enhance in demand in comparison with 2023, reaching report volumes.
Story of the tape
Cargo capability elevated by 7.4 % in 2024 in comparison with the earlier 12 months, with worldwide operations up by 9.6 %.
With market development and the corporate’s strategic aim for enlargement, Magma Aviation determined to signal a contract with WFS for freight dealing with companies at Liege.
Kerins explains: “We wanted bandwidth in our dealing with companion in Liege as we proceed with our five-year plan. WFS was the right alternative.”
With regard to Magma Aviation’s new world headquarters in Dublin, Kerins identified that the Irish capital is a world aviation hub.
He stated: “This allowed us to start out creating higher relationships with leasing firms. Roughly 50 % of the world’s plane are leased from Eire. To develop the corporate’s community, it’s important to strengthen our place right here as new, extra environment friendly, long-range plane come to market.”
Likewise, the corporate’s new workplace in Dubai was set as much as help its elevated operations and rising demand within the Center East.
The choice to open an workplace in Dubai was an integral a part of Magma Aviation’s world enlargement technique.
Based on Kerins: “On account of Dubai’s strategic central location, it’s a well-connected hub from which we will entry new markets. This permits us to handle the present African and Center Jap routes, whereas specializing in increasing our presence in Southeast Asia, the Indian Subcontinent, and China.”
