Menzies grows in Hong Kong with Jardine investment
25 / 01 / 2024
Source: Menzies Aviation
Menzies Aviation has invested in a 50% stake in Jardine Aviation Services Group (JASG) as it looks to expand operations in the Asia Pacific region.
The stake was purchased from Asia-focussed conglomerate Jardine Matheson and is a joint venture with China National Aviation Corporation (CNAC), which will remain co-owner following the deal.
JASG has been providing handling services in Hong Kong since 1946. In terms of cargo, the company said it has expertise in handling dangerous goods, medical supplies, live animals, and valuable and perishable cargo.
“All our staff accepting cargo shipments on behalf of the airlines are IATA-trained and qualified,” JASG said.
The company also provides air cargo documentation services, customs clearance, cargo manifesting, freighter weight and balance services, ULD inventory management, transhipment handling, and track and trace.
Upon completion of the investment, Jardine Airport Services Limited will be rebranded as Menzies CNAC Aviation Services Limited.
JASG chief executive Vivien Lau said the deal would strengthen the company’s presence globally and offer expanded career prospects to employees.
Menzies Aviation group chief executive Philipp Joeinig 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.”
Menzies and CNAC also have a partnership at Macau International Airport (MFM).
The transaction is subject to regulatory approval and is expected to be completed in the coming months.
