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Malaysia-based AGX Singapore carves niche in aerospace logistics

The unit of Malaysia-listed AGX Group is hoping to benefit from the booming sector and China+1 strategy

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Tan Ai Leng

Tan Ai Leng

Published Tue, Jun 18, 2024 · 05:00 AM
    • AGX Group's warehouse in the Philippines. The company currently operated five offices in Southeast Asia, including in Singapore, the Philippines, Myanmar, Cambodia, and South Korea.
    • AGX Singapore managing director Mark Penu says: “AOG logistics services are critical as every minute a plane sits on the tarmac means money lost for the airline operators.”
    • AGX Group's warehouse in the Philippines. The company currently operated five offices in Southeast Asia, including in Singapore, the Philippines, Myanmar, Cambodia, and South Korea. AGX GROUP
    • AGX Singapore managing director Mark Penu says: “AOG logistics services are critical as every minute a plane sits on the tarmac means money lost for the airline operators.” AGX GROUP

    [KUALA LUMPUR] When an Airbus A330 plane had to make an emergency landing in Perth in 2017 due to a mid-flight engine failure, time was of the essence as several aircraft on-ground (AOG) logistics companies sprung into action to get the plane up and running.

    They arranged for the necessary parts and engines to be flown in from Xiamen in China, Paris and the United States within just 48 hours. The airport maintenance team quickly went to work, and soon the plane was ready to take to the skies again.

    Such unexpected incidents are big business for logistics companies, not least due to their fat margins of up to 35 per cent due to this specialised segment.

    MalaysiaLogisticsAseanAsean BusinessAviation

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