in Aerospace

John Menzies expands into Chinese cargo market

Posted 14 June 2021 · Add Comment

John Menzies plc has agreed a £3.4 million investment to acquire a minority equity stake, by way of a joint venture, in Guangzhou JFreight Aviation Logistics Supply Chain Co. Ltd (JFreight).

Image courtesy John Menzies

The joint venture will see Menzies manage and operate a new cargo terminal at Guangzhou Baiyun International Airport in China, one of the world’s busiest airports, on behalf of the shareholders of JFreight. This investment creates a strong platform for Menzies in this attractive growth market and represents clear delivery against the Company’s strategic objectives of optimising its portfolio with a greater focus on cargo and expanding its geographical footprint into new markets.

JFreight is experienced in artificial intelligence and robotics and has used its technical skills to create a smart terminal with an electronic interaction point with Chinese customs. The terminal has capacity to handle 120,000 tonnes annually. It is envisaged that Menzies’ initial focus will be on the handling of product related to the fast growing Chinese e-commerce market with the potential to expand into more general air cargo handling for airlines in the future.

Philipp Joeinig, Chairman & CEO, said: "I am delighted to be able to announce this expansion in the Chinese cargo market. We are very pleased to have found a great partner in JFreight and I look forward to developing our relationship with them as we move forward.

“This investment demonstrates our commitment to delivering on our strategy and I am very excited about the opportunity it brings.”

Zheng Xi Ming, Chairman of JFreight said: “I am very pleased to welcome Menzies Aviation with their established expertise in cargo handling and the wider aviation services market into our venture in Guangzhou. I very much look forward to working closely together and delivering successful operations.”

 

 

 

Other Stories
Advertisement
Latest News

Horizon Technologies releases BlackFish

Horizon Aerospace Technologies has announced the release of a new airborne SIGINT product, BlackFish, a small airborne qualified, tri-band Sat Phone SIGINT system, which simultaneously monitors the Iridium, Thuraya and Inmarsat

BAE Systems' advanced APKWS enhances rocket range and impact

BAE Systems, Inc. has developed an advanced version of its combat-proven AGR-20 Advanced Precision Kill Weapon System (APKWS) guidance kit that offers enhanced strike distance and precision strike lethality.

Why the circular economy is taking off

James Domone, Principal Engineer, Atkins, looks at the adoption of circular economy principles in aerospace and how their application can help decarbonise the UK defence sector.

Menzies Aviation adds three senior members to MEAA team

Menzies Aviation has today announced the appointment of three senior members to its Middle East, Africa and Asia (MEAA) team: John Henderson as Senior Vice President Operations MEAA, Gemma Sinclair as Vice President HR MEAA and Kevin

Blighter to showcase A800 3D multi-mode radar at DSEI 2021

Blighter Surveillance Systems will be showcasing its innovative A800 3D multi-mode drone detection radar in the ADS Group UK Pavilion at DSEI 2021, from Tuesday 14th September to Friday 17th September, at the ExCeL exhibition centre in

British engineers produce pioneering PPE

Engineers from BAE Systems' Submarines business, along with local company Lancastle and staff from University Hospitals of Morecambe Bay NHS Foundation Trust, have developed pioneering new Personal Protective Equipment (PPE) - the

DSEI SK2506170921
See us at
RAF Museum BTDSEI BT2606170921