Announced

Menzies Aviation to acquire a minority stake in the ground handling and cargo operations of Airport Service Budapest.

Synopsis

Menzies Aviation, an aviation services company, agreed to acquire a minority stake in the ground handling and cargo operations of Airport Service Budapest, a company that offers a range of ground handling services. Financial terms were not disclosed. “Finalising this partnership with AS Budapest is a positive step in expanding our European footprint and enhancing service levels at Budapest Airport. By combining the local knowledge and operational strengths of both AS Budapest and Menzies, we’re uniquely positioned to meet rising demand and deliver first-class services to airlines, passengers and airport partners. 2024 broke all previous records in the airport’s history, signalling robust growth ahead. With 20 million passengers expected by 2030, we’re excited to support Budapest Airport on this growth journey as it reinforces its role as a leading regional hub,” Miguel Gomez Sjunnesson, Menzies Aviation EVP Europe.

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MergerLinks - Menzies Aviation to acquire a minority stake in the ground handling and cargo operations of Airport Service Budapest.