4 days ago
- Business
- The Herald Scotland
Historic Scottish firm acquires major Scandinavian player
Once the deal completes, the Spirit cargo operations will be rebranded as Menzies Aviation, further strengthening the company's presence as a leading aviation services provider in the Nordic region.
Safety is Menzies' number one priority, with teams already working to ensure a seamless transition upholding its global safety standards and to ensure the delivery of secure, high-quality cargo handling from day one.
Miguel Gomez Sjunnesson, executive vice president Europe, Menzies Aviation, said: "This acquisition marks an exciting step forward in our strategic expansion as we strengthen our air cargo footprint across Europe.
"By adding a new cargo station to the Menzies global network, we're building momentum in key markets and reinforcing our commitment to supporting cargo growth across the region. These targeted investments are a clear signal of our ambition and confidence in the sector's long-term potential. Thanks to SAS for their trust and collaboration throughout this process."
Beau Paine, executive vice president cargo, Menzies Aviation, said: "Our expansion into the Norwegian air cargo market demonstrates our continued focus on delivering consistent, high-quality service to our partner airlines, while enhancing the overall logistics supply chain.
"As we grow our global cargo network, we remain committed to being the cargo provider of choice through operational excellence, reliability, and innovation. The addition of OSL takes our global air cargo network to 73 stations, which handled 2.4m tonnes last year."
Founded as a bookshop in 1833, John Menzies later became a news distributor and a series of acquisitions put it into the airport services sector in the 1980s. It sold its distribution arm in 2018, and was acquired by supply chain giant Agility for £763 million in 2022.
