MENZIES BUYS CONTROLLING SHARE IN PANAMANIAN CARGO HANDLER
Menzies Aviation Group, a provider of cargo handling and other ground services for airlines, said it has entered the Central American market by acquiring an 80 percent stake in Atlantis Air Cargo Management Inc.
The Panamanian company, founded in 1998, will be renamed MAG Panama. A large portion of the company's business comes from Copa Airlines, the flag carrier of Panama. Copa operates 37 daily passenger flights and daily Boeing 737 freighter service in central and northern South America.