Magnetic Group's sub-brand, formerly known as EngineStands24, has been rebranded as Magnetic Enginestands. This step was taken in an effort to align with the rest of the Group's businesses, all under the Magnetic brand identity, and further strengthen the division's presence as per its expansion and investment strategy.
“As business evolved over the years, so did the brand, showcasing the need for a globally renewed identity and positioning. Our rebranding serves as an essential and future-forward progression, bringing all Magnetic Group services together under one unified name - Magnetic, “ shares Daiva Zemaite, Managing Director of Magnetic Enginestands.
Launched in 2016, Magnetic Enginestands has since started the first-of-its-kind digitized platform, providing leasing, purchasing, and transportation solutions for various types of aircraft engine stands. With 120+ stands in the pool and a diversified type range, the company has established a separate legal entity and scaled its operational performance to a worldwide scope by serving clients across the world and opening hubs in Singapore, Amsterdam, and elsewhere.
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