Scottish Menzies Aviation to Enter Markets of Serbia and Montenegro – Acquisition of 70% of Flystar and Fly Montenegro

Menzies Aviation, the Scottish global aviation logistics specialist, announces that it has agreed to acquire a majority stake in ground services companies based in Montenegro and Serbia.

In concrete terms, Menzies has agreed to acquire 70% of Fly Montenegro Ground Handling, Montenegro and Flystar Aviation Services, Serbia, which provide ground services at three airports, Podgorica Airport (TGD) and Tivat Airport (TIV) in Montenegro, and Belgrade Nikola Tesla Airport (BEG) in Serbia.

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.

The General Manager for both countries will be Ana Marojevic, founder of Fly Montenegro and Flystar.

– 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 utilize Menzies’ expertise and network – she pointed out.

Entering developing air markets is a strategic priority for Menzies, and the company points out that this acquisition provides them with an opportunity to enter two countries which have 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.

– 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 – Miguel Gomez, Executive Vice President – Europe, Menzies Aviation, said.

The famous Scottish company provides logistics in over 200 locations in more than 37 countries, on six continents, which entail ground services, cargo, fueling, services and offline services.

Menzies Aviation

Fly Montenegro Ground Handling

Flystar Aviation Services

Nikola Tesla Airport

Tivat Airport

Podgorica Airport

ownership

air logistics

ground services

air traffic

Ana Marojević

Miguel Gomez

acquisition