Menzies Aviation has finalised its acquisition of a 50.1 per cent stake in Groundforce Portugal, a significant move for the leading service partner to airports and airlines worldwide, a release stated. This acquisition, part of Agility Global, enhances Menzies’ presence in Portugal, where Groundforce manages over 100,000 aircraft turns annually across five major airports. With this deal, Menzies secures a 65 per cent market share in Portugal, solidifying its commitment to strengthening ground and air cargo services in partnership with TAP, which retains a 49.9 per cent stake. The acquisition, announced in March 2023, took over a year to complete and marks a critical milestone in revitalising Portugal’s ground handling sector. Groundforce Portugal will be rebranded as Menzies Aviation. This rebranding effort will integrate more than 4,000 employees working at key airports, including Lisbon, Porto, Faro, Madeira, and Porto Santo. “We are committed to our strategic investment in the region, paving the way for a future where innovation and excellence take centre stage,” Hassan El-Houry, Executive Chairman of Menzies Aviation, said.
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