Magma Aviation reports successful expansion in 2024

Air cargo options agency Magma Aviation reviews 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 intention 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. 

Shifting 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 yr for us. We set out on a plan to benefit from the sources we had been utilizing. This may proceed as we develop, however the one factor we launched, and which we all the time bear in mind, is being fast to adapt. Contemplating the expansion of Magma Aviation over time, I believe the power has been our folks. Our group are specialists in what they do.”

Final yr the air cargo business noticed an 11.3 p.c improve in demand in comparison with 2023, reaching file volumes. 

Story of the tape

Cargo capability elevated by 7.4 p.c in 2024 in comparison with the earlier yr, with worldwide operations up by 9.6 p.c.

With market progress and the corporate’s strategic purpose for growth, Magma Aviation determined to signal a contract with WFS for freight dealing with providers 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 proper 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 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 world growth technique.

In response to Kerins: “Resulting from Dubai’s strategic central location, it’s a well-connected hub from which we will entry new markets. This enables us to handle the prevailing African and Center Jap routes, whereas specializing in increasing our presence in Southeast Asia, the Indian Subcontinent, and China.”