Singapore, September 25, 2024 – As part of its further Asia-Pacific expansion, Magnetic Trading, a Magnetic Group sub-brand, has partnered with Asia Pacific Aircraft Component Services (APACS). Per the agreement, APACS, will provide repair services and warehousing solutions, allowing to streamline operations, shorten response time and decrease downtime.
For Magnetic Trading, this collaboration serves as a two-fold strategic step, enhancing the efficiency of services provided to its regional customer base together with meeting the increasingly growing demand. APACS, a leading OEM-licensed repair shop specializing in aircraft component maintenance, repair, and overhaul (MRO) services, will be optimizing storage solutions and utilizing its advanced repair capabilities.
Airina Kacienaite-Krake, Head of Trading at Magnetic Group, shared: "From comprehensive warehousing to component repair services, the partnership with APACS has been integral as their extensive experience and expertise in these fields are fundamental to our further growth in the region. Having a dedicated stock in Asia Pacific was also essential, as we already cover Europe and the US, meaning we can adjust to the client's localized needs."
Martin Urwyler, Managing Director at APACS, added: "We are excited to collaborate with Magnetic Trading to enhance our service offerings and support their growth in the Asia Pacific region. Our combined expertise and resources will enhance customer value, ensuring they receive high-quality, reliable services whenever and wherever needed."
The partnership agreement was signed at the MRO Asia-Pacific on September 25th at Magnetic Group's booth, #1440. The collaboration between APACS and Magnetic Trading will be effective immediately, with both companies committed to delivering exceptional service and support to the aviation industry.
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