Ground handling services specialist JASG has been operating at Hong Kong International Airport since 1946 and has been a key contributor to Hong Kong’s growth as a global aviation hub. The strategic acquisition – from Jardine Matheson, a diversified Asia-focused conglomerate – highlights Menzies’ long-term investment in the region, where it will support the rebound in Hong Kong’s aviation sector and bolster the company’s presence in Asia.
Upon completion, Jardine Airport Services Limited will be rebranded Menzies CNAC Aviation Services Limited. The new joint venture with CNAC strengthens an existing partnership between Menzies and CNAC at Macau International Airport (MFM), where it has been the ground handler of choice since 1994. It also has operations at three airports in Indonesia and recently added Malaysia to its list of locations.
Philipp Joeinig, Group CEO, Menzies Aviation, said, “We are excited to enhance our presence in Asia as we look to capture the exciting opportunities in this fast-growing aviation market. The integration enables us to broaden our footprint in Hong Kong, the Greater Bay Area and China as we build a collaborative relationship with CNAC, fostering mutual growth and success. We look forward to welcoming JASG employees to Menzies. Their experience will be invaluable as we support the growth and expansion of Hong Kong’s aviation sector.”
The transfer of ownership has been agreed to by China National Aviation Corporation (Group) Limited, which will remain a co-owner of the business alongside Menzies. The transaction is subject to regulatory approval and is expected to be completed in the coming months.
