Magnetic Group is expanding its presence in the US with a new representative office and hub in Miami, Florida.

The Miami-based team will focus on the introduction of Magnetic Trading services in the local market, including spare parts and component solutions, a total asset management programme and repair management, while providing local airlines with scheduled and AOG spare parts supply.

“There is a lot of potential in this market – and we already have extensive experience working with clients around the region,” said Magnetic Trading’s head Airina Kacienaite-Krake.

“Thus, the new office launch is just a natural step forward – and we are ready to support customers locally with comprehensive spare parts solutions, product lines and build Magnetic Trading brand awareness in the region,”

Airlines and asset owners will also be able to lease engine stands from the Miami hub using the recently launched EngineStands24 platform.

EngineStands24’s head Daiva Zemaite added: “The hub in the USA improves geographic accessibility to our engine stands pool. We already offer a seamless lease process via our digital channel and having stands located in USA gives us – and our customers – even more flexibility and agility.”