Published On | April 06, 2015
Maximus records growth in profit following ‘exceptional year’
• Oversized air cargo specialists reports growing operating profits by 20 percent in 2014
• Global markets, positive forecasts, sustained confidence said to be behind latest figures
• Diversified business model to include one-stop-shop, tap into niche markets in future
Maximus Air, one of the biggest all-cargo air freight operators in the Middle East, has announced increased profits of 20 percent following what Maximus Chairman Homaid Al Shemmari said has been an exceptional year for the oversized cargo specialists. Al Shemmari, said interest in global markets was behind the latest figures.
“The increase in profit is primarily due to interest from European, African, and Asian markets, with positive forecasts in the global airfreight industry also contributing to sustained confidence among shippers. As always, our modern and diversified fleet, and our outstanding reputation for customer service continue to set us apart from competitors and are also a factor in our success,” he said.
CEO Mohamed Ebrahim Al Qassimi further explained the company expects growth to continue into 2015, with a number of new initiatives set to diversify services from traditional heavy cargo offerings. One of those services will be the company’s new one-stop-shop.
“We’re delighted with the progress we’ve made in the last year and we continue to look to a bright future, characterised by a diversified business model that includes our new one-stop-shop. Like before, we will leverage on our global association of freight partners. However, unlike before, our customers will be able to arrange delivery to the airport and forwarding directly through Maximus.”
“While our existing customers will remain at the centre of what we hope to achieve in 2015, we will also be looking at ways to consolidate the progress we have made and harness the unique nature of our fleet in order to tap into more specialised markets. The idea is to increase our share of more strategic markets, rather than trying to settle for a smaller slice of a far larger number of markets.”
Mr. Qassimi was appointed CEO in September 2014, and has already made great inroads into his ambition of expanding into new markets, which also includes catering to requests for VIP cargo.