Menzies has signed a Memorandum of Understanding with Eurus Express to explore the opportunities to support future business growth and cultivate sustainable progress in Hainan and the wider Asia-Pacific region.
Eurus Express, an integrated logistics solution provider, offers customised supply chain solutions to their partners through a global network of 58 locations in 17 countries.
As part of this opportunity, the proposed joint venture would see Menzies and Eurus Express work together to provide best-in-class cargo and logistics services in China.
Hainan’s free trade port status means it is a growth priority for the partnership, the companies said, adding that they are determined to play a key role in helping the province become an international logistics and aviation leader.
Philipp Joeinig, CEO of Menzies Aviation, said: “We are thrilled to be working with Jackie Mung, CEO of Eurus Express, and his team, whose outlook and ambition is strategically aligned with our own vision.
“The creation of a joint venture presents a valuable opportunity for us to accelerate business growth in China and beyond to deliver best-in-class aviation services across the region.
“We are looking forward to working with Eurus Express to deliver market leading, high quality aviation services in Hainan and beyond.”
Jackie Mung, CEO of Eurus Express, added: “Our vision is to empower our people, partners and communities in Hainan to thrive, as this market transforms at breakneck speed.
“The future of progress relies on imagination and vision to see beyond today. By combining vast local insight and global best practices, together we can facilitate pioneering solutions for sustainable growth.”
The news comes after Menzies announced its acquisition of a 50 per cent stake in Jardine Aviation Services Group last month.
The ground handler said the acquisition highlights its long-term investment in the region, where it will support the rebound in Hong Kong’s aviation sector and bolster its presence in Asia.
Pictured: Philipp Joeinig (left) and Jackie Mung (right)
