After Magnetic MRO and Kuehne+Nagel announced their cooperation agreement in October 2016 to offer global engine stand management solutions via Magnetic MRO‘s EngineStands24 project, they signed a working agreement in Summer 2017 to dispatch engine stands in strategic KN EngineChain hubs. KN EngineChain is an innovative end-to-end integrated supply chain solution for the aerospace industry that takes care of valuable engines with complete reliability. On this basis, Amsterdam had been selected as the first station, which has been physically up and running, in order to provide transportation and storage of aerospace engine stands all around to world.
After the work agreement, EngineStands24 has officially launched the project and leased out its first engine stands from the 1st joint aerospace hub. Amsterdam station today facilitates Magnetic MRO-branded CFM56-3, CFM56-5A/B, CFM56-5C, CFM56-7B, V2500 stands, and is getting ready to expand the variety in the near future by accommodating also CF6-80, CF34-8, CF34-10, PW, Trent and LEAP engines.
Executing warehouse settlement activated other key projects of the cooperation. EngineStand24 has recently triggered its “live tracking systems for engine stand locations” plan, supported by a cooperation with Sendum technology. Live tracking of engine stands will be provided to all customers regardless of engine type or destination of delivery as all stands are equipped with tracking system.
“We are very excited with these new developments, and determined to go that extra mile to qualify the project’s true potential. On account of Kuehne+Nagel’s integrated supply chain solutions, we successfully left the first strategic milestones behind and brought the brand into life.” says Risto Mäeots, CEO of Magnetic MRO. “Ever since the working agreement, EngineStands24 has already started to prove itself on the field to customers who have been benefiting from the specialized engine warehousing facility in Amsterdam and our highly convenient operational methods. Atlanta and Singapore are planned to be our next all-inclusive and fully operational stations also accommodating certified logistics staff and large variety of engine stands.”
“The visibility and availability of engine stands is a key issue” says Erik Goedhart, Global Head of Aerospace and Industrials at Kuehne + Nagel. “As an integral part of our comprehensive KN EngineChain solution, it is our goal to set new industry standards in engine stand management with Magnetic MRO and we are pleased to see that firm steps have been taken in this way. This cooperation agreement will enable customers to align engine stand asset management and visibility with the technical status and actual asset value and result in reducing total asset management cost while safeguarding the quality support for these important efforts”.