Kuwait’s Agility completes $694m acquisition of John Menzies

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Kuwait
  • Date: 04-Aug-2022
  • Source: Arab News
  • Sector: Retail
  • Country: Kuwait
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Kuwait’s Agility completes $694m acquisition of John Menzies

KUWAIT: Agility, a Kuwait-based provider of supply chain services, infrastructure and innovation, has announced the completion of its acquisition of UK-based John Menzies. Agility will merge the business with its National Aviation Services to form a world leader in aviation services with operations in 58 countries. According to Agility, once integrated, the combined company will operate as Menzies Aviation and will be the world’s largest aviation services company in terms of countries served and second largest in terms of airports served. Menzies Aviation will provide air cargo, fuel and ground services at airports across six continents. Menzies and NAS combined revenues exceeded $1.5 billion in 2021, according to Agility. The new company will employ about 35,000 people and will operate from 254 airports in 58 countries, handling 600,000 aircraft turns, 2 million tons of air cargo and 2.5 million fueling turns a year. “Menzies and NAS will create the world leader in aviation services,” said Menzies Aviation Chairman Hassan El-Houry. “We will have the scale and resources to expand and grow as the industry recovers from the COVID-19 pandemic. Commercial aviation is a key engine of global economic growth, and our customers need partners they can count on as flight