Menzies Aviation has agreed to acquire a majority stake in ground services companies based in Montenegro and Serbia - 70% of Fly Montenegro Ground Handling, Montenegro and Flystar Aviation Services, Serbia - which provide ground services at three airports.
Image courtesy Menzies Aviation
Fly Montenegro Ground Handling provides ground services at Podgorica Airport (TGD) and Tivat Airport (TIV) and Flystar Aviation Services provides ground services at Belgrade Nikola Tesla Airport (BEG).
Entering emerging aviation markets is a strategic priority for Menzies and this acquisition provides an opportunity to enter two countries which have the potential for long-term growth.
Menzies’ initial focus will be on increasing the scope of services provided at the three airports and to attract new customers to its portfolio, while also maintaining existing customer relationships.
Miguel Gomez, Executive Vice President – Europe, Menzies Aviation, said: “I am delighted to announce a further expansion in Eastern Europe with a joint venture in Montenegro and Serbia, both of which have significant potential for growth.
"Fly Montenegro and Flystar have built up a strong customer base over the past 13 years to become a leading ground services provider. We’re looking forward to working with our new partner and colleagues to expand the services we offer over the coming years to new and existing customers.”
Ana MarojeviÄ, founder of Fly Montenegro and Flystar who has joined Menzies Aviation as General Manager Serbia and Montenegro, said: “I am excited to be partnering with Menzies, a world-leading aviation services provider, to grow our offering for customers.
"Montenegro has huge potential in aviation as the majority of its tourists arrive by air and Serbia is building itself as a well-established hub for the Balkan region. We are looking forward to increased traffic and improved service for our clients as we utilise Menzies’ expertise and network.”