National Aviation signs deal with Bidvest to land BidAir Services
By Sandile Mchunu
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DURBAN - THE BIDVEST Group has signed an agreement with National Aviation Services (NAS), Colossal Africa and a consortium consisting of the current executive team to acquire its business BidAir Services for an undisclosed amount.
BidAir is the country’s largest ground handling company and its acquisition is subject to regulatory approvals, as well as permission from the Airports Company of South Africa (Acsa), which manages South African airports.
NAS chief executive Hassan El-Houry said NAS prides itself on its global expertise and local knowledge.
“We believe that the success of the aviation industry in Africa is tied to its economic prosperity and have made significant investments into the industry across the continent.