Menzies Aviation aims to triple mainland China footprint after Hong Kong expansion
- CEO of global aviation services giant upbeat over demand in city, says company ‘ready to deploy resources’ to grow in country
One of the world’s largest aviation services companies is looking to triple its footprint in mainland China while also expanding in Asia, after acquiring a 50 per cent stake in Hong Kong’s second-biggest ground handling operator.
Menzies Aviation CEO Philipp Joeinig said the UK-based company aimed to claim a bigger slice of the Asian market and would soon begin airport operations in another city on the mainland, as well as an extra country in the region.
“So we want to grow. We want to triple our presence in China, but we want to do it through our customers,” he told the Post.
“We are ready to invest and we are ready to deploy resources as required to grow in the country.
“What we see today, based on the demand of our customers and our partners, we think that there is value that we can add at least in the next couple of years in a couple of airports that would lead to a tripling of our presence.”
The firm acquired a 50 per cent stake in Jardine Aviation Services Group from Jardine Matheson, an Asia-focused conglomerate, in January in a joint venture with China National Aviation Corporation (CNAC).