Menzies invests in JFreight

John Menzies has announced that it has agreed a £3.4m investment to acquire a minority equity stake, by way of a joint venture, in Guangzhou JFreight Aviation Logistics Supply Chain Co. The joint venture will see Menzies manage and operate a new cargo terminal at Guangzhou Baiyun International Airport in China, one of the world’s […]

John Menzies: results of oversubscribed £22million fundraise

John Menzies, the global aviation services business, has enjoyed the successful completion of a placing of new ordinary shares of £0.25 each in the capital of the company (the announced yesterday (May 11 2021) and a subscription for new ordinary shares of £0.25 each in the capital of the company by certain directors of the […]

John Menzies creates executive management board

John Menzies has appointed Alvaro Gomez-Reino as chief financial officer and has created an executive management board. Gomez-Reino, who will take up his post and join the board of directors on 1 December, has held senior financial positions with Amey, Ferrovial and Swissport where he was chief financial officer. In recognition of his work, Mervyn […]

Menzies Aviation and Norwegian renew US contracts

Menzies Aviation has renewed its contract with Norwegian Air for two years at four major US airports. The renewal will see Menzies deliver ground handling services at Newark Liberty International Airport, Fort Lauderdale-Hollywood International Airport, Orlando International Airport and Los Angeles International Airport. Nearly 3,000 flights per annum will be serviced, and 18,000 tonnes of […]

Weak cargo volumes push John Menzies into losses

John Menzies has fallen into losses in the first half of 2019 due to weaker cargo volumes and the grounding of Boeing 737 MAXs. Losses in the first half amounted to £4.4 million compared to a profit of £8.3 million in 2018, though revenue increased from £627.2 million last year to £649.9 million. Giles Wilson, […]