Menzies Aviation, the leading service partner to the world’s airports and airlines, has completed its acquisition of a 50.1% stake in Groundforce Portugal. Groundforce Portugal manages more than 100,000 aircraft turns every year across five of the busiest airports in Portugal, where it provides ground and air cargo services to several leading global airlines. Upon completion, Menzies secures a 65% market share in Portugal. The successful completion of this transaction, more than 12 months … [Read more...] about Menzies Aviation completes Groundforce Portugal deal
Menzies Aviation
Dallas Fort Worth airport to grow cargo ops
Texan airport Dallas Fort Worth International has started a comprehensive redevelopment of the airport’s 19th Street cargo facility, which will enhance the air hub’s ability to process international e-commerce and increase overall cargo capacity. The 19th Street Cargo Redevelopment Project is slated for completion in late 2024 and will add approximately 350,000 square feet of new warehouse space and seven ADG VI (large cargo aircraft) parking positions. The project will continue DFW’s … [Read more...] about Dallas Fort Worth airport to grow cargo ops
Menzies makes ground in Pakistan with contract wins
Press release Menzies Aviation earlier this month revealed more than a dozen secured contracts in Pakistan after it acquired 49 percent of local aviation services business Royal Airport Services (RAS), as stated on a press release dated 12 August. Menzies’ acquisition of a stake in Royal Airport Services has created a strong growth platform for Menzies Aviation in Pakistan, with Menzies-RAS securing contract wins with several major carriers in the region since forming in early … [Read more...] about Menzies makes ground in Pakistan with contract wins
Agility seals Menzies acquisition
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 … [Read more...] about Agility seals Menzies acquisition
Menzies joins initiative to promote ‘carbon-neutral’ flying
Earlier this month, Menzies Aviation became the first aviation fuel services provider to sign up with Clean Skies for Tomorrow (CST), a coalition of airlines, airports, and oil companies that are aligning their individual efforts to achieve carbon-neutral flying. Led by the World Economic Forum along with non-profit Rocky Mountain Institute and the Energy Transitions Commission, the group aims to increase the supply of sustainable aviation fuel (SAF) from the current 0.1 percent to 10 percent … [Read more...] about Menzies joins initiative to promote ‘carbon-neutral’ flying
Menzies buys minor stake in Chinese cargo handler
Aviation services provider Menzies Aviation, through its parent company John Menzies plc, is set to take a minor stake in a joint venture with Chinese cargo handler Guangzhou JFreight Aviation Logistics Supply Chain. The deal, valued at 3.4 million euros, will see Menzies dip into the Chinese air cargo market with a 10 percent stake in JFreight. The company will manage a new cargo terminal at Guanzhou Baiyun International, an air hub considered one of the world’s busiest airports for … [Read more...] about Menzies buys minor stake in Chinese cargo handler
