Menzies Aviation completes Groundforce Portugal deal

Menzies Aviation has completed its acquisition of a 50.1% stake in Groundforce Portugal, a ground and air cargo service provider. Upon completion, Menzies secured a 65% market share in Portugal.

The successful completion of the transaction, more than 12 months after the agreement was first announced in March 2023, marks a significant milestone in the recovery and revitalisation of the ground handling company with an impact on the entire national economy.

Groundforce Portugal will be rebranded as Menzies Aviation and will onboard over 4,000 employees working across five airports.

Hassan El-Houry of Menzies Aviation says: “This milestone opens a new chapter for Menzies in Portugal and the Southern European region, and we look forward to working together to deliver high-quality services across the country’s aviation network.”

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Philipp Joeinig of Menzies Aviation adds: “We are delighted to embark on an exciting venture in Portugal, working with TAP Portugal and our new employees to deliver unmatched aviation services, upholding our commitment to safety, security, and excellence.”

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