{"id":72267,"date":"2023-07-25T00:00:00","date_gmt":"2023-07-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/07\/25\/agilitys-menzies-aviation-enters-bulgarian-market-with-fresh-acquisition-forms-jv-to-handle-cargo-at-major-indian-airport\/"},"modified":"2023-07-25T00:00:00","modified_gmt":"2023-07-25T00:00:00","slug":"agilitys-menzies-aviation-enters-bulgarian-market-with-fresh-acquisition-forms-jv-to-handle-cargo-at-major-indian-airport","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/07\/25\/agilitys-menzies-aviation-enters-bulgarian-market-with-fresh-acquisition-forms-jv-to-handle-cargo-at-major-indian-airport\/","title":{"rendered":"Agility\u2019s Menzies Aviation enters Bulgarian market with fresh acquisition + forms JV to handle cargo at major Indian airport"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">Menzies Aviation expands in Eastern Europe with fresh acquisition: <\/span><span style=\"\">Kuwaiti Agility\u2019s<\/span><span>subsidiary Menzies Aviation acquired a majority stake in Cargo Handling Services (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/chs-bg.com\/\" style=\"\">CHS<\/a><\/span><span>) at Sofia International Airport (SOF) in Bulgaria, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/menziesaviation.com\/news\/menzies-aviation-enters-the-bulgarian-air-cargo-market\/\" style=\"\">press release<\/a><\/span><span style=\"font-weight:400;\">. CHS will adopt the Menzies brand and its standards and systems following the acquisition, according to the statement. The acquisition expands Menzies Aviation's presence in Europe to 50 airports across 17 countries, the statement said, without clarifying the exact size of the stake that Menzies acquired.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">What they said: <\/span><span style=\"font-weight:400;\">\u201cStrategically, this investment supports our ambitions to accelerate growth by expanding our air cargo business and entering emerging aviation markets. We\u2019re looking forward to working with our new partners and, in the long-term, increasing our market share at Sofia Airport,\u201d Miguel Gomez Sjunnesson, executive vice president Europe at Menzies Aviation, said. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">About CHS:<\/span><span style=\"font-weight:400;\"> Established in 2016, CHS offers various cargo services at SOF, including warehousing, import and export handling, mail handling, and temperature-controlled storage. Sofia International Airport, situated 5km from Bulgaria\u2019s capital, is the country\u2019s largest international airport, serving 21 airlines with connections to major European business hubs.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The latest in a string of acquisitions:<\/span><span> The company plans to increase its current 250 locations to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/7690da8d-7509-4d5a-b8d9-a42576e46d0e\" style=\"\">300 by 2024 or early 2025<\/a><\/span><span>, with a long-term vision of reaching 450 locations. Its expansion strategy focuses on southern and eastern Europe, the UK, Latin America, and Southeast Asia. In May, Menzies Aviation <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/7c48ed9e-fec1-4be8-82d4-2de5a11abf26\" style=\"\">formed a joint venture<\/a><\/span><span>with MYAirline to establish a ground services company at Kuala Lumpur International Airport and <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/5c7b535f-ba88-4767-8831-d4364cfd1ea7\" style=\"\">acquired Aircraft Services and Consulting<\/a><\/span><span> in Panama to strengthen its presence in Latin America. Menzies also <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/2918aff7-a123-4542-ad7b-040d6aaa9515\" style=\"\">obtained a 50.1% stake in Groundforce<\/a><\/span><span>, TAP Air Portugal's aviation services subsidiary, in April.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">ALSO FROM MENZIES- The Agility subsidiary will also handle cargo operations at <\/span><span style=\"font-weight:700\">a major Indian airport: <\/span><span>Menzies Aviation and Bangalore International Airport (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/company\/blrairport\/?originalSubdomain=in\" style=\"\">BIAL<\/a><\/span><span>) formed a joint venture to expand air cargo services at Kempegowda International Airport Bengaluru (<\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.bengaluruairport.com\/\" style=\"\">BLR Airport<\/a><\/span><span>) in India, according to a <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/menziesaviation.com\/news\/menzies-aviation-and-bangalore-international-airport-limited-enter-into-a-partnership-to-expand-air-cargo-services-at-one-of-indias-busiest-airports\/\" style=\"\">statement<\/a><\/span><span style=\"font-weight:400;\">. This partnership grants the newly formed entity, dubbed Menzies Aviation (Bengaluru) Private Limited (MABPL), exclusive rights to handle domestic cargo operations and international cargo services at BLR Airport for the next 15 years. This period began from the end of May, the statement added.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">The details: <\/span><span style=\"font-weight:400;\">MABPL will handle imports and exports at the existing on-site cargo facility that can handle a capacity of 210k tonnes, with plans to increase capacity by an additional 40k tonnes in phases by the end of this decade. MABPL will also become the sole operator at a new domestic cargo facility, once it is completed, initially handling 250k tonnes of cargo with potential to expand to 400k tonnes, in line with BIAL's goal of accommodating up to 1.6 mn tonnes of cargo annually across its facilities.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">What they said:  <\/span><span style=\"font-weight:400;\">\u201cThis long-term agreement with BIAL significantly expands our cargo operations at this strategically important transport hub, which represents the gateway to South and Central India,\u201d Charles Wyley, executive vice president of Middle East, Africa and Asia at Menzies Aviation, said. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Agility subsidiary expanded its cargo handling operations at a Bulgarian and Indian airport as part of wider expansion 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Menzies Aviation enters Bulgarian market with fresh acquisition + forms JV to handle cargo at major Indian airport","related_issue":[72262],"teaser":"The Agility subsidiary expanded its cargo handling operations at a Bulgarian and Indian airport as part of wider expansion plans","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.0d60dfb0-ffd0-4a28-853b-e8ad4438befd.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Agility\u2019s Menzies Aviation enters Bulgarian market with fresh acquisition + forms JV to handle cargo at major Indian airport - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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