Ground services provider Menzies Aviation 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 global airlines.
Airline TAP Air Portugal retains a 49.9% stake in the business, which will be rebranded as Menzies Aviation.
The deal, first announced in April last year, also sees Menzies secure a 65% market share in Portugal, said the ground handler.
Menzies will welcome more than 4,000 employees working across five airports: Humberto Delgado Airport…
