Diversified industrial group Bidvest has sold its struggling BidAir Services business to a consortium that includes management and Africa’s biggest ground handling company.
The travel bans and lockdowns saw the air services companies in the Bidvest stable come to a virtual standstill in 2020, forcing the companies to declare losses and retrench large numbers of staff at BidAir Services, BidAir Cargo and Bidvest Premier Lounges.
Bidvest did not dally and made the decision to dispose of BidAir Services, along with its car rental business, at the end of its 2020 financial year, noting that it expected the travel, tourism and related industries to underperform into the future.
NAS and Colossal Africa sign deal to buy BidAir Services 27 Apr 2021 (Last Updated April 27th, 2021 12:45)
National Aviation Services (NAS), Colossal Africa and a consortium of the existing executive management team have agreed to buy South African ground handling firm BidAir Services from Bidvest Group.
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National Aviation Services (NAS), Colossal Africa and a consortium of the existing executive management team have agreed to buy South African ground handling firm BidAir Services from Bidvest Group.
BidAir Services offers handling services such as passenger handling, ramp handling, load control and operations, cleaning, as well as toilet and water services at nine South African airports. The company is said to be the largest ground handling company in South Africa.
NAS and Colossal Africa to Acquire South Africa’s Largest Ground Handler – BidAir Services
South Africa’s largest ground handling company, BidAir Services will be changing hands. National Aviation Services (NAS) (www.NAS.aero), Colossal Africa and a consortium comprised of the current executive management team have signed an agreement to acquire BidAir Services from the Bidvest Group. The closing of the acquisition is subject to fulfilling final requirements from the Airports Company… Read more on https://nationalaviationservices.africa-newsroom.com/press/nas-and-colossal-africa-to-acquire-south-africas-largest-ground-handler–bidair-services?lang=en
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South Africa’s largest ground handling company, BidAir Services will be changing hands. National Aviation Services (NAS) (www.NAS.aero), Colossal Africa and a consortium comprised of the current executive management team have signed an agreement to acquire BidAir Services from the Bidvest Group. The closing of the acquisition is subject to fulfilling final requirements from the Airports Company of South Africa (ACSA) that manages South African airports as well as other regulatory approvals.
BidAir Services provides quality-handling services including passenger and ramp handling, load control and operations, cleaning, toilet and water services, amongst others at nine South African airports. The airports include three main international gateways – O.R. Tambo International in Johannesburg, Cape Town International and King Shaka International in Durban. BidAir’s
Apr 26, 2021
National Aviation Services (NAS), Colossal Africa and a consortium comprised of the current executive management team have signed an agreement to acquire BidAir Services from the Bidvest Group.
The closing of the acquisition is subject to fulfilling final requirements from the Airports Company of South Africa (ACSA) that manages South African airports as well as other regulatory approvals.
BidAir Services provides quality-handling services including passenger and ramp handling, load control and operations, cleaning, toilet and water services, amongst others at nine South African airports. The airports include three main international gateways – OR Tambo International in Johannesburg, Cape Town International and King Shaka International in Durban. BidAir’s clientele of over 28 major airlines includes international carriers such as Emirates, Etihad Airways, British Airways, Qatar Airways, Singapore Airlines, Air France, Ethiopian Airlines and RwandAir.