EngineStands24 to open a new hub in Dubai

Magnetic Assets

EngineStands24, a subsidiary of Magnetic MRO, has announced its plans to launch a new engine stands’ logistics centre in Dubai, UAE. The new hub will be opened in Q1 2019. “Without doubt, Dubai is a strategic location for us, since it is situated in the heart of one of the largest aviation markets. Moreover, being next to Al Maktoum International Airport and just half an hour drive from Dubai International, our new hub will be able to deliver engine stands to major world locations within just a couple of days or even hours,” shares Daiva Žemaitė, the Head of EngineStands24. The new hub will store stands for narrow-body aircraft engines, including those for CFM56-5A/B, CFM56-7B and V2500. The warehouse will also be supplemented with a range of wide-body aircraft engine stands. The hub, which is set to start operations in Q1 2019 will become EngineStands24’s fourth location – the first outside Europe. The company is working to establish engine stand hubs in the USA and South-East Asia in the upcoming future. “Opening a new warehouse in Dubai is an important step for both Magnetic MRO and EngineStands24, as we keep expanding into the Middle Eastern MRO market. It complements our upcoming offerings in the region,” comments the CEO of Magnetic MRO, Risto Mäeots. Enginestands24 offers its clients industry’s first e-store for lease, trading, logistics and storage of aerospace engine stands. Customers also have the opportunity to track its stands via an online system, making it a convenient solution for the user.