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Agility Logistics subsidiary Menzies Aviation has snapped up a 50% stake in Hong Kong’s Jardine Aviation Services Group (JASG), according to a press release released on Thursday. The acquisition comes within the framework of a partnership that will see Menzies andChina National Aviation Corporation (CNAC) operate a joint venture rebranding JASG as Menzies CNAC Aviation Services. The acquisition is subject to regulatory approval and is expected to be completed in the coming months. No financial details pertaining to the agreement were disclosed.
Menzies has been eyeing expansion in Asia: The latest acquisition is slated to help Menzies establish a foothold in Hong Kong and builds on an existing partnership with CNAC at Macau. Menzies also has operations at airports in Indonesia and Malaysia, the statement said.
About JASG: The ground handling services company has been running operations at Hong Kong International Airport since 1946. JASG offers various services to clients at the airport, including flight operations, passenger services, and ramp and cargo handling, the statement said.
