Aeroservices, the Yorkshire-based aviation company, has established its first base in Asia, building on its successful export business there.
With its headquartered in Leeds, the company is planning to open its first Asian office later this year in Singapore, less than two years since Aeroservices began working with DIT to build a presence there.
Generating 90% of its sales through overseas trade, the company is a global distributor of aviation lubricants, consumables and hardware, supplying international airlines, regional carriers and defence forces around the world.
Since being founded in 2007, the company has built up an international client base across Europe, Africa, the Americas, South Asia, Central Asia, the Far East and the Middle East via its logistics hubs in the UK, Germany, Belgium, the Netherlands and the UAE.
Aeroservices began working with DIT to increase its global growth and was introduced to potential customers in Singapore prior to attending a major commercial aviation exhibition, the MRO Show in Dubai, which attracts more than 4,500 industry professionals from the sector.
Director of business development at Aeroservices Mashood Akmal, said: “The opportunity to meet new potential clients in Singapore and attend the show in Dubai was invaluable.
“We made numerous business contacts in Singapore – a market we hadn’t entered before - and now deem the time to be right to open our first office there.
“Similarly, the show resulted in us strengthening our presence in the Middle East throughout 2017 and culminated in us winning a place on Qatar Airways contract supplier list for the first time.
“As an experienced exporter, we’re fully aware that identifying new international markets and potential clients can require a great deal of time and due diligence.
“DIT’s knowledgeable and enthusiastic adviser has been able to assist with this and has consistently and proactively opened doors on our behalf.
“My advice to other companies thinking about exporting is this – take confidence from the success we’re enjoying and don’t hesitate to explore the opportunities for yourselves.”
With a team of 27 employees, Aeroservices expects to increase its staff to 35 by the end of the year due to organic growth as well as the opening of the new office in Singapore.
Regional director for Yorkshire and the Humber at the DIT, Mark Robson, said: “Aeroservices is a fantastic example of a home-grown Yorkshire success story proving that companies that export have everything to gain.
“We were able to assist with three of the main barriers that prevent companies across Yorkshire exporting. These are the perceived cost of exporting, finding appropriate new markets and then finding suitable buyers or trading partners.
“We have 29 International trade advisers based on the ground in Yorkshire and the Humber who provide specialist support and guidance to ensure that companies can truly achieve their potential in Asia and many other continents besides.”