Menzies Aviation, Deal creates the world’s largest aviation services provider
Agility recently announced that it has finalized its acquisition of UK-based John Menzies PLC and will combine the business with its National Aviation Services (NAS) business to create a world leader in aviation services in 58 countries.
Once integrated, the combined company will operate as Menzies Aviation and will be the world’s largest aviation services company by number of countries and second largest by number of airports served.
Operating as Menzies Aviation, the combined company will provide air cargo services, fuel services and ground services at airports on six continents.
Combined revenues of Menzies and NAS exceeded US$ 1.5bn in 2021. The new company will have approximately 35,000 employees and operations at 254 airports in 58 countries, handling 600K aircraft turns, 2mn tonnes of air cargo and 2.5mn fuelling turns per year.
“Menzies and NAS will create the world leader in aviation services,” stated Hassan El-Houry, who becomes Chairman of the combined company, having previously held the role of NAS CEO.
“With the combination of Menzies and NAS, our customers will receive world-class service, expanded product offerings, and the industry’s best safety practices at airports on six continents,” commented Philipp Joeinig, CEO, Menzies Aviation who will be CEO of the combined company.
“This is a new chapter for Agility, Menzies, and NAS. By acquiring them and combining it with NAS, Agility has the opportunity to unlock greater value in both,” asserted Agility Vice Chairman Tarek Sultan.