Menzies sets sight on local airport grounds

Hyderabad: With the local aviation sector taking wings, Menzies Aviation, a global provider of passenger, ramp and cargo services, has set its eyes on picking up concessions at most metro airports in the country for providing services.
A full subsidiary of the $2.5 billion John Menzies Plc, the company has set up three joint ventures, one with the GMR group for cargo services at Hyderabad International Airport and two with the Bobba Aviation Group for cargo and ground handling at Bangalore and Hyderabad, respectively.
The group is set to invest close to Rs 300 crore at the two locations for setting up state-of-the-art infrastructure. Prospects for ground handling and cargo services providers are huge considering the passenger base in the country has grown at 23% per annum over the past three years, while the fleet size is projected to grow at 27% annually over the next five years. This is against a projected growth rate of 9.5% for the rest of Asia.
15/06/07 C Chitti Pantulu/Daily News & Analysis

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Categories: Airports Jun 2007, Foreign Jun 2007