Dnata acquires 30% of Milan ground handler

Dubai - Under the agreement with dnata, Airport Handling will retain its current name.

Dnata has reached an agreement to acquire a 30 per cent share in Milan-based ground handler, Airport Handling SPA.
Dnata, one of the world's largest air services providers, will also have majority representation on the board through which it will control day-to-day operations as well as have a call option to acquire a further 40 per cent share.
"We continue to grow dnata's international operations where we find the right opportunities and the right partners. Any acquisition or partnership that we enter has to add value to our business, customers and stakeholders. Airport Handling's operations tick those boxes for dnata," said Stewart Angus, dnata's divisional senior vice-president of international airport operations.
"Dnata is an established international player in airport and ground handling services. Tapping on dnata's expertise, the Airport Handling team looks forward to further strengthen the quality of services that we already offer in Milan's airports and our prospects for both short and long term," said John Stewart, chief executive officer of Airport Handling.
Under the agreement with dnata, Airport Handling will retain its current name. Employee terms will also be unaffected.
This transaction is subject to competition approval by Italian authorities and the European Union and is expected to be achieved by the end of November 2015.
This investment follows closely on the heels of dnata's recent announcement of acquiring cargo handling operations at Amsterdam Airport Schiphol from Belgian company Aviapartner.
- business@khaleejtimes.com