Menzies now a ‘pure play’ aviation handler

September 5, 2018

UK-based Menzies has disposed of Menzies Distribution, its print media division, to investment funds managed by Endless, for £74.5 million on a cash and debt free basis. The disposal creates a pure play global aviation services business that is operating in a structural growth market and marks Menzies’ exit from the market for print media and retail logistics.

Newly-appointed CEO, Forsyth Black, said: “I am delighted to have concluded our strategic realignment that will see the creation of John Menzies as a global pure play aviation services business. I believe we are well-placed to deliver our growth ambitions in the structurally growing aviation services market and I am very proud to now lead the business forward as its CEO together with the support of my team.”

James Graham

James Graham is an award-winning transport media journalist with a long background in the commercial freight sector, including commercial aviation and the aviation supply chain. He was the initial Air Cargo Week journalist and retuned later for a stint as editor. He continues his association as editor of the monthly supplements. He has reported for the newspaper from global locations as well as the UK.