Menzies Aviation, a leading service partner to the world’s airports and airlines, has completed its acquisition of a 50.1 percent 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 percent market share in Portugal.
The successful completion of this transaction, more than 12 months after the agreement was first announced in March 2023, marks a significant milestone in the recovery and revitalization of the ground…
