Monday, May 27, 2024

UK Aviation Firm Acquires 51% of Pakistan’s Royal Airport Services

Menzies Aviation, the UK-based global aviation services specialist, has announced the acquisition of 51 percent of Royal Airport Services (RAS) shares, a Pakistan-based aviation services firm.

RAS has been operational in Pakistan since 2007 and through its provision of a range of aviation services across the country, has a strong foothold in the local market. RAS operates all national and international carriers across eight airports with its sales in excess of $20 million in 2019.

The RAS agreement has given Menzies Aviation both the opportunity and a strong platform to enter the market for aviation services in Pakistan.

Menzies Aviation’s Executive Chairman, Philipp Joeinig, announced,

“We are pleased to be working with Royal Services for Airports. The acquisition is in line with our global strategy to provide new markets with our service portfolio and we believe that a presence in Pakistan will provide a strong platform for further regional opportunities for growth. As a joint venture, we will work together to enhance aviation safety and security at eight Pakistani airports and foster further development in the passenger and cargo sectors of this country, thereby further expanding the Pakistani market for travel and tourism. RAS has shown the ability to develop successfully and there is a strong potential to create more opportunities in the area with the additional size and global scope of Menzies Aviation.”

Royal Airport Services Chairman Shujaat Azeem said,

“We are pleased to have chosen Menzies Aviation as our partner, the premium provider of International Aviation Services, to further enhance the company of Royal Airport Services. Menzies/RAS Pakistan will provide the eight airports we run in Pakistan with the best-in-class international operating standards. This will enhance the experience of travelers, improve air cargo connectivity and support the growth of tourism in the country.”

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