Lisbon-headquartered 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, 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.
Groundforce Portugal will be rebranded as Menzies Aviation. Menzies will welcome more than 4,000 employees working across five airports: Humberto Delgado Airport in Lisbon, Francisco Sá Carneiro Airport in Porto, Gago Coutinho Airport in Faro, Madeira’s Cristiano Ronaldo International Airport, and Porto Santo Airport (PXO) on Porto Santo Island in Madeira.
Together with TAP, Menzies Aviation will invest in advanced technology. It will also support staff development as the company builds its presence in Southern Europe.
Philipp Joeinig, group CEO of Menzies Aviation, said: “We are delighted to embark on an exciting venture in Portugal, working with TAP Portugal and our new employees to deliver unmatched aviation services, upholding our commitment to safety, security, and excellence. The integration of Groundforce Portugal employees into Menzies is eagerly anticipated, as their expertise will provide invaluable in fostering the growth and expansion of Portugal’s aviation sector.”
