Home Business UK aviation agency acquires stakes in Pakistan

UK aviation agency acquires stakes in Pakistan

by News Updater

ISLAMABAD: A UK-based international aviation companies specialist Menzies Aviation on Friday introduced the acquisition of a 51 per cent shareholding in Royal Airport Companies (RAS).

An aviation companies enterprise based mostly in Pakistan, RAS has been working within the nation since 2007 and has a robust place in native markets, a press launch mentioned. It has been offering a variety of aviation companies together with floor and cargo dealing with, airline ticketing and cargo gross sales throughout Pakistan. RAS handles each home and worldwide carriers throughout eight airports, with income in extra of $20 million in 2019, the press launch added.

The deal gives Menzies Aviation the chance to enter the rising Pakistan aviation companies market because the acquisition creates a robust platform for the corporate. It [acquisition] represents clear supply towards the corporate’s strategic targets of accelerating depth of service functionality and increasing its geographical footprint, the assertion added.

“We are delighted to be partnered with Royal Airport Services. The acquisition is in line with our global strategy to offer our service portfolio to new markets and we believe that a presence in Pakistan will provide a strong platform for further regional growth opportunities,” Menzies Aviation’s Government Chairman Philipp Joeinig mentioned.

Printed in Daybreak, December 4th, 2020

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