Magma Aviation reports successful expansion in 2024
Air cargo options agency Magma Aviation studies that it made vital progress when it comes to total progress 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 purpose 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 international headquarters in Dublin.
Moreover, Magma Aviation opened an extra 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 had been utilizing. This may proceed as we develop, however the one factor we launched, and which we all the time take into account, is being fast to adapt. Contemplating the expansion of Magma Aviation through the years, I feel the power has been our folks. Our crew are consultants in what they do.”
Final 12 months the air cargo business noticed an 11.3 p.c enhance in demand in comparison with 2023, reaching report volumes.
Story of the tape
Cargo capability elevated by 7.4 p.c in 2024 in comparison with the earlier 12 months, with worldwide operations up by 9.6 p.c.
With market progress and the corporate’s strategic objective 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 associate in Liege as we proceed with our five-year plan. WFS was the right selection.”
With regard to Magma Aviation’s new international headquarters in Dublin, Kerins identified that the Irish capital is a world aviation hub.
He stated: “This allowed us to begin creating higher relationships with leasing corporations. Roughly 50 p.c 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 international enlargement technique.
In accordance with Kerins: “Attributable to Dubai’s strategic central location, it’s a well-connected hub from which we are able to entry new markets. This enables us to handle the present African and Center Japanese routes, whereas specializing in increasing our presence in Southeast Asia, the Indian Subcontinent, and China.”