Air Serbia and ground handling specialist Menzies Aviation have finalised an agreement for Menzies Aviation Beograd, a Joint Venture which provides passenger and aircraft ground handling services for the Serbian national carrier at Belgrade Nikola Tesla Airport. The deal has been agreed but is now subject to competition and regulatory approval. A Joint Venture is a combination of two or more parties that seek the development of a single enterprise or project for profit, as well as sharing the risks associated with its development. However, the venture is its own entity, separate from the participants’ other business interests. Air Serbia has signalled interest in forming joint ventures with other companies in the past, including Turkish Airlines over a potential Maintenance, Repair and Overhaul facility.

Commenting on the development, Air Serbia said, “The signing of the contract represents the next step in the previously established cooperation which saw Air Serbia and Menzies Aviation sign a Memorandum of Understanding in October 2023. This confirmed both parties’ intention to launch the Joint Venture, supporting the growth of the Serbian national airline and the improvement of the overall service it provides to passengers”. Menzies took over ground handling operations on behalf of Air Serbia on March 5. It provides the carrier with ramp handling and baggage, de-icing and passenger services. It also supplies passengers with reduced mobility services and air cargo services.
Philipp Joeinig, CEO of Menzies Aviation, previously noted, “We are extremely excited by the opportunity to work with Air Serbia, helping the airline achieve further domestic and international growth. Strategically, as the number one service provider in the world, and the number one provider in the region, this venture represents a major step for Menzies, supporting our ambitions to expand our presence in the Balkans and support emerging aviation markets. We are looking forward to delivering market-leading, high-quality aviation services in the Balkans with the fast-growing Air Serbia and increasing our market share at Belgrade Airport”. Menzies is further expanding in the region following the acquisition of Flystar Flight Support this month, a Podgorica-based ground handling provider specialising in business aviation, with subsidiaries in Serbia, Croatia and Albania and a dispatch centre in Belgrade.

Article source: http://www.exyuaviation.com/2024/06/air-serbia-and-menzies-finalise-deal.html

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