EngineStands24, a subsidiary of the global aviation solutions provider, Magnetic Group, has announced it will launch a new engine stands hub in Singapore.
Scheduled to open in September 2023, EngineStands24 says the hub will cater to the growing demand for engine stands and support aircraft operators and lessors across the region.
This expansion marks a significant milestone for EngineStands24, as it will be the company’s sixth location and its first in the Asian region.
The project is in partnership with Singapore logistics company TALA Singapore powered by Global Airfreight Int’l Pte Ltd.
The new hub will initially stock engine stands for narrowbody aircraft engines, including models such as CFM56-5A/B, CFM56-7B, and V2500.
EngineStands24 plans to expand its offerings to include a comprehensive range of widebody aircraft engine stands in the near future.
The company says that Singapore’s central location and reputation makes it the ideal choice for its expansion plans, and aligns with its long-term global growth strategy.
Daiva Žemaitė, head of EngineStands24, said: “Singapore is undoubtedly a strategic location for us, and we are thrilled to finally bring EngineStands24 to this dynamic market.
“With the support of our esteemed partner, TALA Singapore, we look forward to enhancing our local presence and accelerating our engine stand deliveries, benefiting our customers and the aviation industry as a whole.”
William Chong, deputy chairman and senior managing director at TALA Singapore, said: “TALA Singapore is honoured and highly values the opportunity presented by EngineStands24 to embark on this journey of partnership in developing and growing the Singapore hub for the Asia-Pacific region and beyond.
“As a leading freight forwarding and logistics player, TALA Singapore stands confident in support of this exciting endeavour for years to come as we are ever-ready to serve the needs of EngineStands24 and our mutual valued customers.”