Menzies Aviation expands in Panama with latest acquisition
16 / 05 / 2023
Source: Menzies Aviation
Ground handler Menzies Aviation has expanded its presence in central America through the purchase of Aircraft Services and Consulting.
The acquisition gives Menzies access to Tocumen International Airport (PTY) and Scarlett Martinez International Airport (RIH), with additional operating licenses secured for David Airport (DAV) and Panama Pacifico Airport (BLB).
“Panama is a pivotal commercial gateway within the Americas region, strategically connecting the Pacific and Atlantic oceans,” the handler said. “Its geographical significance makes it an ideal hub for efficient cargo and passenger connectivity.”
Tocumen International Airport serves as the home base for COPA Airlines and accommodates more than 20 major regional and international carriers.
The business will be re-branded as Menzies Aviation (Panama). Existing clients include Iberia, Air Canada and Air Transat amongst others.
John Redmond, executive vice president Americas, Menzies Aviation, said: “We are excited to add our seventh country in Latin America and our 46th and 47th airports respectively in this important and growing market.”
The acquisition is not the first made by Menzies Aviation this year. In April, the company signed a subscription agreement with TAP Air Portugal and Groundforce to acquire a controlling stake of 50.1% in Groundforce, the airline’s aviation services arm.
In March, Menzies Aviation continued its expansion in Latin America with new ground and air cargo services agreements in Costa Rica and Chile.
These deals follow the 2022 acquisition of John Menzies PLC by Agility.