Rapid expansion on $10 million engine stands leasing investment
Following the realization of a gap in the market, in September, 2019, Enginestands.com announced their 10 million USD investment plan on this relatively new engine stands leasing business. The plan would be implemented over a 5-year period.
As for now, it aims to involve the expansion of the company’s services portfolio. This is about to be done by introducing the leasing of aircraft engine stands globally.
The investment introduced two options of service for the company’s global clients. This includes an equipment lease of the high-quality CFM56A/B, CFM56-7, TRENT-700, V2500 and PW4000 engines stands. Such venture was backed by a partnership with AGSE – a global leader in the establishment and production of innovative Aerospace ground support equipment and aircraft tooling solutions.
Of course, it is obvious that the dynamic and versatile quality requirements in shipping engine stands is not a feat that is achieved easily. Especially with situations where both the stand and engine are shipped together.
However, Enginestands.com has expanded on the pristine quality they deliver in their shipments by introducing a new service; Enginestands.com not only allows the shipping of their stands to clients, but also lets clients ship their own stands or engines globally using the harmonized and integrated shipment methods. This service also includes the complex shipment of stands and engines together at the best possible quality maintained in common operations.
The service met great success in the European market with rapidly growing number of satisfied customers, some of whom are already coming back with further inquiries. Sticking to the strategy already proven successful, it is now looking to maintain that very same standard as it is now available and advancing in the Asian market. With an aim of the global presence, which should be achieved within the five-years timeframe, the service is bound for further expansion.