Kuwaiti logistics provider Agility last week finalized its £763 million acquisition (or around US$932.1 million) of UK-based John Menzies PLC, merging it with its subsidiary National Aviation Services.
Once integrated, the combined company will provide air cargo services, fuel services and ground services and will carry the Menzies Aviation brand with Menzies Aviation CEO, Philipp Joeinig, becoming the CEO of the combined company.
With combined revenues (Menzies and NAS) exceeding US$1.5 billion in 2021, the merger is said to create “the world’s largest aviation services company by number of countries and second largest by number of airports served.”
The new company will have approximately 35,000 employees and operations at 254 airports in 58 countries, handling 600k aircraft turns, 2 million tonnes of air cargo and 2.5 million fuelling turns per year.
The company’s customers include Air Canada, Air China, Air France-KLM, American Airlines, British Airways, Cathay Pacific, EasyJet, Emirates, Ethiopian, FlyDubai, Frontier Airlines, IAG, Jazeera, Qantas Group, Qatar Airways, Southwest, Turkish, United Airlines, WestJet and Wizz Air.
Edited the first paragraph to reflect pound and not euro