The submit Magma Aviation reports successful expansion in 2024 appeared first on TD (Journey Each day Media) Travel Daily Media.
Air cargo options agency Magma Aviation experiences that it made vital progress by way of total progress and growth 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 yr, Magma Aviation signed a multi-year contract with Worldwide Flight Providers (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 major 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 a further workplace in Dubai to strengthen its industrial presence within the East and entry new markets.
Magma Aviation CEO Peter Kerins mentioned: “2024 was a really thrilling and difficult yr for us. We set out on a plan to profit from the assets we had been utilizing. This may proceed as we develop, however the one factor we launched, and which we at all times have in mind, is being fast to adapt. Contemplating the expansion of Magma Aviation over time, I believe the power has been our folks. Our crew are specialists in what they do.”
Final yr the air cargo trade noticed an 11.3 % improve 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 yr, with worldwide operations up by 9.6 %.
With market progress and the corporate’s strategic purpose for growth, Magma Aviation determined to signal a contract with WFS for freight dealing with companies at Liege.
Kerins explains: “We would have liked bandwidth in our dealing with companion in Liege as we proceed with our five-year plan. WFS was the proper selection.”
With regard to Magma Aviation’s new international headquarters in Dublin, Kerins identified that the Irish capital is a world aviation hub.
He mentioned: “This allowed us to start out creating higher relationships with leasing corporations. 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 assist 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 growth technique.
Based on Kerins: “Resulting from 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 Japanese routes, whereas specializing in increasing our presence in Southeast Asia, the Indian Subcontinent, and China.”
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