Menzies Aviation Completes Contract with Groundforce Portugal

Menzies Aviation, a world leader in ground handling services for airports and airlines (owned by Agility Global), has acquired a controlling stake (50.1%) in Groundforce Portugal. Groundforce Portugal manages over 100,000 aircraft turns annually at Portugal's five busiest airports, providing ground and air cargo services to major airlines. This acquisition gives Menzies a dominant 65% market share in Portugal. This deal, announced in March 2023, is finally complete, marking a major step forward for Groundforce Portugal's recovery and the overall Portuguese aviation industry. Menzies is committed to strengthening ground handling services across Portugal, partnering with TAP Air Portugal which retains a 49.9% stake.

Menzies Goes Global

Groundforce Portugal will be rebranded as Menzies Aviation, joining the world's largest aviation services company with 50,000 employees in over 290 locations across 65 countries. Menzies welcomes over 4,000 new employees working in five Portuguese airports: Lisbon, Porto, Faro, Madeira, and Porto Santo. Menzies, alongside TAP, plans to invest in advanced technologies to improve efficiency, and service quality, and ensure long-term growth. They will also prioritize staff development as Menzies strengthens its presence in Southern Europe.

Investing in the Future

Hassan El-Houry, Executive Chairman, Menzies Aviation said: “Today’s announcement is the culmination of a year-long process to transfer ownership and progress the revitalization of the Portuguese aviation sector. We are committed to our strategic investment in the region, paving the way for a future where innovation and excellence take centre stage. 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.”

Philipp Joeinig, Group CEO, Menzies Aviation said: “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. The integration of Groundforce Portugal employees into Menzies is eagerly anticipated, as their expertise will prove to be invaluable in fostering the growth and expansion of Portugal’s aviation sector.”