Magma Aviation poised for growth with new ownership structure
Chapman Freeborn Airchartering today announced it has increased its stake in UK-based Magma Aviation to a majority shareholding of 75% to help support the company’s long-term growth plans.
The global aircraft charter specialist has held a minority holding in Magma since the company was launched in 2010 to commercially and operationally manage dedicated wide-body cargo aircraft, contracted on an exclusive basis from airline partners.
Effective May 1st 2017, Magma has also taken operational control of a second B747-400F from Air Atlanta Icelandic as part of its expansion plans.
Magma currently serves a global client base of freight forwarders, block space consolidators, charter brokers and airline partners with regular freighter flights to key niche African hubs, via its cargo operations centre at Brussels Airport.
The company is supported by independent sales agencies throughout the world, and has developed a strategic network of local airlines and trucking partners to provide dedicated, bonded feeder services across the length and breadth of sub-Saharan Africa.
The new ownership structure will give Magma the financial backing to expand its network of cargo services, as well as affording the company enhanced access to the international ad hoc charter market.
Magma will continue to operate as a stand-alone business, with two of the company’s founding shareholders, Ross Wilson and Tom Wrigley, retaining the remaining share capital and continuing to run the company as joint managing directors.
Chapman Freeborn’s clients will continue to enjoy access to Magma’s freighter fleet alongside the company’s existing client base.
Commenting on the acquisition, Chapman Freeborn CEO Russi Batliwala, said
“We’re delighted to be increasing our stake in Magma – one of the cargo industry’s recent success stories. Over the past seven years Magma has proved itself to be a highly-respected and dynamic supplier of all cargo capacity to niche destinations. We look forward to seeing its ongoing development as an independent company under the new structure.”
Tom Wrigley, managing director of Magma Aviation, said:
“We’re confident this new ownership structure will provide strong support for our future growth plans. We continue to be committed to providing flexible, cost-effective solutions to our customers and with their support we look forward to further expanding our route network and charter capabilities on a global basis.”
About Magma Aviation
Established in 2010, Magma Aviation has grown to become a recognised specialist air cargo management company. With a fleet of two B747-400F aircraft, Magma currently operates regular flights to and from key countries in Africa, most notably Benin, Cameroon, Central African Republic, Congo, Democratic Republic of Congo, Egypt, Gabon, Kenya, and Togo, with further onward air and road services available across sub-Saharan Africa.
Magma is focused on providing value-added services, including warehouse-to-warehouse cargo solutions. In 2016, the company delivered to and collected cargo from 56 destinations – large and small – in 40 different African countries.
In addition to its primary services, Magma also provides ad hoc charter solutions for the worldwide delivery of general cargo, perishables, live animals, outsize cargo, relief supplies, hazardous substances, energy industry cargo and more.
About Chapman Freeborn
Chapman Freeborn Airchartering was established in the UK in 1973. The company has over 30 locations worldwide and specialises in the charter and lease of aircraft for a wide ranging client base including freight forwarders, multinational corporations, governments, humanitarian agencies and a host of industries around the globe.
In addition to air cargo charters and on board courier (OBC) services, Chapman Freeborn offers specialist passenger services including private jet and helicopter charters for executive travel and large aircraft for crew rotations and international group travel.
Over the last decade, Chapman Freeborn has received more than 20 top aviation industry awards for service and innovation, including the recent Charter Broker of Year title at the Cargo Airline of the Year Awards 2017, held in London.