Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Menzies Aviation secures renewal with Aer Lingus at Heathrow Airport
07/04/22
Menzies Aviation, the global aviation logistics specialist, today announces its long-standing partnership with Irish flag carrier Aer Lingus has been extended with the renewal of its ground operations contract at Heathrow Airport.
Menzies’ extended contract with Aer Lingus includes the provision of passenger, ramp, de-icing and cabin cleaning services. The contract renewal will see Menzies service over 20 Aer Lingus short haul flights per day from Heathrow Airport. These serve to connect UK passengers to Ireland, particularly the Heathrow to Dublin route which is one of the most important trade corridors in the world. In addition, passengers travelling from Heathrow can connect to North America via Aer Lingus’ hub at Dublin Airport where US preclearance facilities are available.
With this extension, Menzies’ 16-year relationship with Aer Lingus at Heathrow Airport is further solidified, as well as more broadly with Aer Lingus’ parent company, International Airlines Group (IAG), which re-awarded this contract to Menzies Aviation.
Miguel Gomez, Executive Vice President Europe, Menzies Aviation, said: “We are thrilled to be continuing our relationship with Aer Lingus at Heathrow Airport. This significant contract renewal demonstrates our Heathrow team’s enthusiasm and excellent standard of service. We’re looking forward to providing our best-in-class solutions in support of Aer Lingus’ operations at the airport over the coming years.”
Davina Pratt, Director of Operations at Aer Lingus, said: “We are pleased to extend our contract with Menzies Aviation at Heathrow Airport. The Menzies ground services team has provided long-standing support to our Heathrow operations for 16 years and have helped us achieve and maintain operational excellence and on time performance over that period.
“The Heathrow to Dublin corridor is one of the most important trading corridors globally and therefore a very significant route for Aer Lingus both in terms of leisure and business travel. Importantly UK passengers are able to seamlessly connect onto Aer Lingus’ North Atlantic network at our Dublin hub where they can preclear US Immigration, making for a speedy journey to the US.”
Menzies Aviation expands LOT Polish Airlines partnership across Europe and North America
14/04/22 Ground & Air Services
Menzies Aviation, the global aviation logistics specialist, has doubled the number airports where it supports LOT Polish Airlines with ground and air cargo services.
The new five-year contract covers 12 airports across the airline’s global network, including key hubs at Chicago and Budapest.
New airports where Menzies will start supporting LOT include Los Angeles International Airport (LAX), Toronto Pearson International Airport (YYZ), Iasi International Airport (IAS), Oslo Airport (OSL) and Bucharest Henri Coanda International Airport (OTP). Passenger and ramp services will be provided at all new stations, with air cargo services also starting at YYZ.
The integration of additional locations into Menzies’ existing partnership with LOT is seamlessly facilitated by the signing of a General Terms of Agreement (GTA), which reflects the airline’s trust in Menzies and its intention to further bolster the relationship. The partnership between Menzies and LOT Polish Airlines goes beyond standard ground services and includes among others knowledge sharing, developing efficiency improvement initiatives and integration of services support systems.
Contract renewals for passenger, ramp and cargo services have also been agreed at Václav Havel Airport Prague (PRG), Budapest Airport (BUD) and Avram Iancu Cluj International Airport (CLJ), with the continuation of ramp and passenger services at Nice Côte d’Azur Airport (NCE), ramp handling at O’Hare International Airport (ORD) and de-icing, passenger and ramp services at London Heathrow (LHR). In addition, Menzies will start providing passenger services at ORD.
Menzies Aviation partners with ClimateCare to cut carbon and improve lives
21/04/22 Sustainability
Menzies Aviation, the global aviation logistics specialist, is partnering with ClimateCare to support socially responsible projects that cut carbon and improve lives.
ClimateCare has expertise in climate and sustainable development and were selected by Menzies to further its Environment, Social and Governance (ESG) commitments.
The partnership will enable Menzies to compensate unavoidable carbon emissions with a portfolio of socially responsible projects as the company works towards becoming carbon neutral by 2033, its 200th anniversary.
Menzies is supporting three projects: providing clean cookstoves in Bangladesh, afforestation initiatives in Mexico and rainforest protection measures in Indonesia. They align with the UN Sustainable Development Goals that Menzies has committed to advance as a signatory of the UN Global Compact.
Menzies is focused on removing emissions from its operations wherever possible. Through supporting ClimateCare projects, Menzies has been able to compensate for 43,000 tonnes of its 2021 global scope 1 and scope 2 carbon emissions, which equates to 48% of its global Co2e emissions.
The partnership with ClimateCare follows the launch of Menzies’ All In plan for a fair and sustainable future, which is driving forward collaboration with customers and partners as well as Menzies’ own local and global initiatives, such as sustainable aviation fuel programmes, switching to electric GSE and addressing the gender balance with industry-leading diversity targets.
Menzies Aviation and Agunsa form partnership in Chile
29/04/22 Cargo Ground Handling
Menzies Aviation today announces the acquisition of a controlling stake in Agunsa Aviation Services, which provides full ground and air cargo handling services in Santiago, Chile.
Agunsa Aviation Services was a wholly owned subsidiary of Agencias Universales SA, a large and diverse Chilean business with a long history in logistics, originally in shipping logistics, and in more recent years in aviation.
Agunsa provides full ground handling and air cargo handling services to several major international airlines at Santiago de Chile Airport (SCL), including United Airlines, Delta Air Lines and Qatar Airways.
It also operates a 110,000 square foot on-airport cargo warehouse, with the unique ability at SCL to handle a combination of import cargo, export cargo and courier products.
This new Chilean business will complement Menzies’ existing operations in five other countries in Central and South America including Mexico, Colombia, Costa Rica, El Salvador and Guatemala.
Philipp Joeinig, CEO, Menzies Aviation, said: “I am excited to enter our sixth country in Latin America and strengthen relationships with some of our largest global airline partners. We have found a unique partner in Agencias Universales SA, which has a long and successful history as a leader in logistics in the region and we are looking forward to expanding our business and footprint with our new partner.”
Fernando Rodriguez, CEO, Agencias Universales SA said: “We are very pleased to enter this new partnership with Menzies Aviation and work with their team to build a market leading business across Chile and beyond. This deal will help accelerate the growth ambitions of both businesses.”
Menzies Aviation appoints new Senior Vice President Fuels
06/05/22 Fuelling
Menzies Aviation, the global aviation logistics specialist, has today announced the appointment of Marco di Mario as its new Senior Vice President of Fuels.
Marco joins Menzies’ fuels leadership team with a wealth of experience in aviation fuels, gained over 20 years in the industry. Most recently, Marco was Vice President Operations & Assets at aviation fuels service provider Skytanking. Prior to this, Marco held fuels related roles at North Air, Shell and Maxcom Petroli. Marco brings to the role deep operational and Health, Safety, Security and Environment (HSSE) expertise, as well as significant experience in starting up global fuelling operations.
In this position, Marco will be based at Menzies’ London Gatwick office and responsible for leading Menzies’ Europe Fuels team. Marco will work closely alongside Morven McCrindle, Menzies’ Executive Vice President for Fuels, playing a central role in driving forward the growth of Menzies’ fuels footprint globally.
Morven McCrindle, EVP Fuels, Menzies Aviation, said: “We are delighted to be welcoming Marco to Menzies, who will be an invaluable addition to our fuels leadership team. Marco is uniquely positioned to support with our global business development with his decades of experience in aviation fuels and start-up know-how. Our customers are also set to benefit from Marco’s exceptional operational expertise. I look forward to working closely with Marco as we embark on an ambitious growth strategy for our global fuelling operations.”
Menzies Aviation secures new airlines at Los Angeles Airport
13/05/22 Ground Handling Share
Menzies Aviation, the global aviation logistics specialist, today announces a series of wins at Los Angeles International Airport (LAX), its largest station in the Americas, with the LATAM Group, Level and MAS airlines.
Menzies has secured a new contract with Level, IAG’s low-cost airline, to provide full ground services at LAX. With this new agreement, Menzies now provides complete coverage to the IAG Group of airlines at LAX, including British Airways, Iberia, Aer Lingus and now Level.
Menzies has also been awarded a contract with Mexican cargo carrier MAS to support its daily freighter flights. This win further solidifies Menzies as the preferred ramp handler for freighter aircraft at LAX.
Additionally, Menzies and LATAM Group’s global relationship continues to go from strength to strength with Menzies extending its ramp handling contract and adding full passenger handling to the list of services for the Latin American airline’s twice daily flights at LAX.
Menzies Aviation extends 15 year partnership with Icelandair in the UK
19/05/22 Ground Handling Share
Menzies Aviation, the global aviation logistics specialist, has renewed its contract with longstanding customer Icelandair to provide a full suite of ground services across four UK airports.
The three-year agreement will see Menzies provide passenger, ramp, cabin cleaning and de-icing services at Heathrow (LHR), Gatwick (LGW), Glasgow (GLA) and Manchester (MAN) airports.
This renewal further strengthens Menzies’ position as a key partner for Icelandair in the UK. They began working together at LHR in late-2006 and expanded to MAN and GLA in 2009 with LGW following in 2016, in line with Icelandair’s expansion in the UK and growing trust in Menzies.
Miguel Gomez, Executive Vice President – Europe, Menzies Aviation said: “We are proud of the strong relationship we have cultivated with Icelandair in the UK, and that we have been chosen by the airline yet again to provide ground services at four UK airports. Our teams have gained a deep understanding of their operations over the past 15 years and look forward to continuing our support of Icelandair over the years to come.”
Menzies Aviation and Air Canada grow relationship in Europe
27/05/22 Ground Handling Share
Menzies Aviation, the global aviation logistics specialist, today announces it has renewed a significant ground services contract with Air Canada at Heathrow Airport (LHR) and won new business at Copenhagen Airport (CPH).
Air Canada has once again chosen Menzies to deliver passenger, ramp, cabin cleaning and lounge services at LHR, the airline’s largest airport operation internationally. With a long-term duration, the renewal is expected to see Menzies support 3,700 aircraft turns per annum, as Air Canada returns to pre-pandemic flight volumes at LHR.
In addition, Menzies has won a new contract to provide passenger, ramp, cabin cleaning and de-icing services for Air Canada at CPH.
LHR and CPH are the first stations to adopt the terms of a Master Services Agreement (MSA) between Air Canada and Menzies Aviation, which streamlines the contractual process.
Air Canada is a global customer for Menzies, which serves the carrier in locations across Europe, the Americas and Australia.
Miguel Gomez, Executive Vice President – Europe, Menzies Aviation, said: “We are proud to build on our partnership with Air Canada at Heathrow Airport and win a new contract at Copenhagen Airport. Air Canada is a global customer for Menzies and these latest awards are a testament to our teams, who deliver safe, secure and efficient services day in, day out for our customers.”
Menzies Aviation joins Clean Skies for Tomorrow to achieve carbon-neutral flying
01/06/22 Fuelling Share
Menzies Aviation, the global aviation logistics specialist, has joined Clean Skies for Tomorrow (CST), a coalition of airlines, airports, and oil companies aligning efforts to achieve carbon-neutral flying.
Menzies is the first aviation fuel services provider to sign up to the coalition, which is led by the World Economic Forum in collaboration with the Rocky Mountain Institute and the Energy Transitions Commission.
A key goal of CST is to increase supplies of Sustainable Aviation Fuel (SAF) to 10% of the global fuel supply by 2030. SAF is currently the only alternative fuel option available for commercial aircraft and accounts for less than 0.1% of all jet fuel used. It is a cleaner fuel powered by sources ranging from agricultural waste to carbon captured from the air.
Menzies’ fuel teams have already performed SAF refuels of commercial flights in both the UK and US and are implementing management of change procedures for the receipt and handling of SAF at some fuel farm locations.
Beyond supporting the transition to SAF, Menzies has implemented it’s All In Sustainability strategy, which includes a commitment of becoming carbon neutral for Scope 1 and 2 emissions by 2033, which coincides with Menzies’ 200th anniversary.
Menzies Aviation named ‘International Air Cargo Handler of the Year’ at STAT Times International Awards
15/06/22 Cargo Ground Handling Share
Menzies Aviation, the global aviation logistics specialist, has won the ‘International Air Cargo Handler of the Year’ award at the 2022 STAT Times International Awards for Excellence in Cargo.
The awards, which take place bi-annually, are determined through nominations and votes from STAT Trade Times magazine readers, making winners true industry choices.
The International Cargo Handler of the Year category, won by Menzies Aviation, recognises air cargo handlers for delivering an exceptional service across their global operations. The award reflects the success of Menzies’ cargo strategy, which includes a renewed focus on global partnerships and expansion into new markets.
With a number of significant cargo contract wins globally and strategic joint ventures, Menzies’ cargo operations have gone from strength to strength over recent years – growing from 36 stations in 2018, to 58 today.
Menzies Aviation wins new business in Indonesia & China
28/06/22 Cargo Ground Handling Share
Menzies Aviation, the global aviation logistics specialist, today announces three contract wins in South East Asia and China with Rimbun Air, My Indo and Raya Air, reflecting the success of its growth strategy in the region.
A new three-year contract with fast-growing Indonesian cargo and regional passenger airline Rimbun Air will see Menzies handle up to six daily cargo flights for the airline’s two 737-300F aircraft at Soekarno-Hatta International Airport (CGK). The win will add an additional 40 flights per week to Menzies’ Jakarta ground services operations, significantly increasing the volume handled by the team.
Also at CGK, Malaysian cargo carrier Raya Air has selected Menzies to support its operations, starting with four weekly flights and growing. Raya Air is a new customer for Menzies.
Both contracts provide Menzies with continued growth in Indonesia, reflecting its trusted service and safety standards in the region.
Menzies has also won new business with My Indo Airlines, providing freighter, ramp and cargo services to the airline at Macau International Airport (MFM). The initial two-year contract will see Menzies handle an additional estimated 2,000 tonnes of cargo per year. The win reflects Menzies’ longstanding relationship with the airport, where it has been operating since 2000.
These contract wins follow the appointment of James Wong as Senior Vice President South East Asia & China. While this is a new role in Menzies, James has been with the business since 2019 in a variety of roles in the Americas region, most recently as the Vice President Cargo & Sales North America. James is focussing on developing new business throughout the South East Asia and China region as part of Menzies’ strategic growth plan. Furthermore, Raymond Lo has been reappointed to the role of Menzies Aviation Macau Managing Director to bolster Menzies’ joint venture business in Macau.
Menzies Aviation joins global mission to decarbonise aviation
21/07/22 Fuelling Sustainability Share
Menzies Aviation, the global aviation logistics specialist, has joined the Mission Possible Partnership (MPP), an alliance of climate leaders focused on decarbonising some of the world’s highest-emitting industries.
Global aviation is currently responsible for about 3% of total global, anthropogenic CO2 emissions – having seen an increase by over a third between 2010 and 2019 alone. If aviation were unmitigated, it could be responsible for an even greater proportion of global emissions by 2050.
In collaboration with the Clean Skies for Tomorrow coalition, the MPP has published a new Aviation Transition Strategy that has been endorsed by over 60 aviation leaders, setting out a global strategy to achieve net-zero aviation by 2050.
The new report, “Making Net-Zero Aviation possible: An industry-backed, 1.5°C aligned Transition Strategy”, provides a series of actionable steps to be taken over the next decade to secure a transition towards carbon-neutral flying and deliver the goals of the Paris Agreement. Actions include drastically improving fuel efficiency gains of aircraft, the rapid roll out of Sustainable Aviation Fuel and market entry of hydrogen, battery-electric or hybrid powered aircraft.
Menzies, which provides ground, fuel and air cargo services is the first aviation services business to sign the global strategy, reflecting the company’s commitment to its AllIn sustainability strategy. Announced last year, All In encapsulates Menzies plan for making a positive difference to guarantee a fair and sustainable future, notably its ambition to be carbon-neutral by 2033.
Bye bye MENZIES its been a lot of High's and Low's over my past 28 years involvement.
Having worked almost 20 years in Distribution (Swansea) and seen a lot of things Good and Bad i was fortunate to get out when I did.
The Aviation business still has a long way to go and i wish everyone involved a smooth Take Off and the the very best of luck.
R I P John Menzies 1833-2022 and Good Luck to the New Owners NAS/AGILITY !!
Take Care All. Peter. :-)
Agility Completes £763 Million Acquisition of Menzies Aviation
04/08/22 Share
Agility, a supply chain services, infrastructure and innovation company, announced that it has finalized its acquisition of UK-based John Menzies PLC and will combine the business with its National Aviation Services (NAS) business to create a world leader in aviation services in 58 countries.
Once integrated, the combined company will operate as Menzies Aviation and will be the world’s largest aviation services company by number of countries and second largest by number of airports served.
Operating as Menzies Aviation, the combined company will provide air cargo services, fuel services and ground services at airports on six continents. Combined revenues of Menzies and NAS exceeded $1.5 billion in 2021. The new company will have approximately 35,000 employees and operations at 254 airports in 58 countries, handling 600k aircraft turns, 2 million tonnes of air cargo and 2.5 million fuelling turns per year.
“Menzies and NAS will create the world leader in aviation services,” said Hassan El-Houry, who becomes Chairman of the combined company, having previously held the role of NAS CEO.
“We will have the scale and resources to expand and grow as the industry recovers from the COVID-19 pandemic. Commercial aviation is a key engine of global economic growth, and our customers need partners they can count on as flight volumes return.”
The company’s customers will include Air Canada, Air China, Air France-KLM, America Airlines, British Airways, Cathay Pacific, EasyJet, Emirates, Ethiopian, Fly Dubai, Frontier Airlines, IAG, Jazeera, Qantas Group, Qatar Airways, Southwest, Turkish, United Airlines, West Jet and Wizz Air.
“With the combination of Menzies and NAS, our customers will receive world-class service, expanded product offerings, and the industry’s best safety practices at airports on six continents,” said Menzies Aviation CEO Philipp Joeinig, who will be CEO of the combined company. “Agility’s backing gives us the resources to provide innovative solutions for growing and forward-thinking customers, and to develop our talent, technology, and sustainability; critical factors for our future success. It also means we are well-positioned to support our customers in tackling supply chain challenges and labour shortages.”
Agility Vice Chairman Tarek Sultan said, “This is a new chapter for Agility, Menzies, and NAS. By acquiring Menzies and combining it with NAS, Agility has the opportunity to unlock greater value in both. Agility has a strong track record of sustainable and responsible growth over the last two decades, driven both organically and through mergers and acquisitions, and this latest deal is part of our strategy to further accelerate that growth. For Agility, this deal creates the largest owned and operated – “controlled” – business in Agility’s portfolio by revenue, headcount, and global presence.