Groundforce Portugal manages more than 100,000 aircraft turns every year
Groundforce Portugal manages more than 100,000 aircraft turns every year across five of the busiest airports in Portugal, where it provides ground and air cargo services to several leading global airlines. Upon completion, Menzies secures a 65% market share in Portugal.
The successful completion of this transaction, more than 12 months after the agreement was first announced in March 2023, marks a significant milestone in the recovery and revitalisation of the ground handling company with an impact on the entire national economy.
It reaffirms Menzies’ commitment to strengthening handling capacity across the aviation network in Portugal, in partnership with TAP which retains a 49.9% stake in the business.
Rebranding
Groundforce Portugal will be rebranded as Menzies Aviation, becoming part of the world’s largest aviation services company with 50,000 employees and operations at over 290 locations in more than 65 countries, on six continents.
Menzies will welcome more than 4,000 employees working across five airports: Humberto Delgado Airport (LIS) in Lisbon, Francisco Sá Carneiro Airport (OPO) in Porto, Gago Coutinho Airport (FAO) in Faro, Cristiano Ronaldo International Airport (FNC) on Madeira and Porto Santo Airport (PXO) on Porto Santo Island in Madeira.
“This milestone opens a new chapter for Menzies in Portugal and the Southern European region, and we look forward to working together to deliver high-quality services across the country’s aviation network,” remarked Hassan El-Houry, Executive Chairman, Menzies Aviation.
“The integration of Groundforce Portugal employees into Menzies is eagerly anticipated, as their expertise will prove to be invaluable in fostering the growth and expansion of Portugal’s aviation sector,” confirmed Philipp Joeinig, Group CEO, Menzies Aviation.
