Menzies Aviation today announced the acquisition of a 50 per cent stake in Jardine Aviation Services Group in a move marked as having “tremendous potential” for JASG.
The strategic acquisition highlights Menzies’ long-term investment in the region where it will support the rebound in Hong Kong’s aviation sector and bolster its presence in Asia, the ground handler said.
Jardine Airport Services Limited will be rebranded as Menzies CNAC Aviation Services Limited under the new partnership, becoming part of the world’s largest aviation services company with operations at over 255 locations.
Menzies said it recognises the strength and experience of the JASG team and will be looking to “further support” staff development as the company builds its presence in Hong Kong and expands across the region.
Philipp Joeinig, CEO of Menzies Aviation, said: “We are excited to enhance our presence in Asia as we look to capture the exciting opportunities in this fast-growing aviation market.
“The integration enables us to broaden our footprint in Hong Kong, the Greater Bay Area and China as we build a collaborative relationship with CNAC, fostering mutual growth and success.
“Together, we will provide unparalleled aviation services to our customers, ensuring our continued commitment to safety, security and excellence.
“We look forward to welcoming JASG employees to Menzies, their experience will be invaluable as we support the growth and expansion of Hong Kong’s aviation sector.”
Vivien Lau, CEO of JASG, added: “We see tremendous potential for our employees under Menzies’ stewardship.
“In addition to strengthening its position within the global aviation sector, the integration offers expanded career prospects and training and development opportunities for our employees.”
The transfer of ownership has been agreed to by China National Aviation Corporation, which will remain a co-owner of the business alongside Menzies.
The transaction is subject to regulatory approval and is expected to be completed in the coming months.
Image credit: Menzies Aviation
