National Aviation Services acquires 51 percent stake in Siginon Aviation

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National Aviation Services (NAS), the fastest growing aviation provider in the emerging markets, has signed a strategic partnership agreement and acquires 51 percent stake in Siginon Aviation, a subsidiary of Siginon Group Ltd. provides complete airport ground handling and cargo management services.

Commenting on the latest partnership, Hassan El-Houry, Group CEO of NAS said, “During the pandemic, our cargo services came to the forefront by keeping crucial supply chains flowing uninterrupted. With the ongoing vaccine requirements around the world, we also handled almost a million doses of the Covid-19 vaccine at different African airports. With this growing demand, we expanded our focus on cargo management in Africa and the partnership with Siginon Aviation is indeed timely.”

In the last decade, Siginon Aviation has enhanced its ground handling capacity with several upgrades including relaunching its operations in a state-of-the-art air cargo terminal and acquisition of ramp equipment to boost its operations in JKIA, Nairobi. 

Meshack Kipturgo, Siginon Group’s managing director added, “We foresee great promise for business and growth for both, our staff and our customers through service delivery - now and into the future. This partnership is a true reflection of our mutual ambition to make a positive mark in service excellence, extend our footprint in Kenya and beyond as we jointly tap onto the opportunities present in the cargo and aviation sector.”

Through this partnership, NAS has expanded its presence in Africa with two airports in Kenya – Nairobi and Eldoret. This adds to NAS’s growing network in Africa and strengthens its presence as the largest ground handler in the region. In the last year despite the challenges posed by the Covid crisis, NAS successfully launched operations in 14 airports across South Africa, DRC, Guinea Bissau and Zambia. 

El-Houry also highlighted “In 2018, we committed to investing $50 million into the African aviation sector over a period of three years. With the pandemic, the global aviation industry suffered a major slowdown and NAS experienced an 85 percent drop in revenue. Despite the challenges, we remained focused on our commitment to the sector and thrived during a very difficult period.”

With its expansion, NAS remains committed to both existing as well as new operations. Present in over 55 airports across Africa, the Middle East and South Asia, NAS invests into facilities and infrastructure, equipment, technology, recruitment, and training of staff. 

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