Global air services provider dnata has exercised its option to secure an additional 40% share in Airport Handling SPA, a move that has upped its stake in the company to 70%.
Building up its original investment that was put forward back in 2016, dnata today holds the majority representation on the Milan-based ground handler’s board and oversees day-to-day operations.
While dnata’s share has increased to 70%, the air service provider noted that Airport Handling SPA’s current leadership will continue to manage business and operations as before.
Commenting on the development, Stewart Angus, divisional senior vice president for dnata International Airport Operations & Associated Companies, said: “Following more than two years of successful cooperation and the consistent delivery of excellent service standards to our customers, we are delighted to announce further investment in Airport Handling.
“We are confident that dnata and our stakeholders will benefit from this strategic acquisition, which underscores our broader vision and commitment to the Italian market. We will work hard to continue offering outstanding quality service to our customers while seeking further growth opportunities in the country.”
Incepted back in 2014, Airport Handling delivers a range of passenger, ramp and baggage airlines at both Malpensa (MXP) and Linate (LIN) airports. The company is also reported to serve over 60 airlines operating out of both facilities.
To date, dnata operates catering facilities at 22 airports within the Italian aviation sector.