Airport Service Budapest Zrt. (AS Budapest) and Menzies Aviation Hungary Kft. will merge their activities. At Ferenc Liszt International Airport, the two companies will provide ground handling, cargo and lounge services as one company in order to offer more efficient and competitive services.
Airport Service Budapest has acquired 35% of the shares in Menzies Aviation. AS Budapest is the ground handling agent for several airlines in Budapest, but also manages the Skycourt Lounge.
Menzies Aviation has a strong international customer base through its parent company. The company is the largest ground handling company in the world in terms of the number of countries, airports and aircraft. In 2022, Menzies Aviation generated net sales of HUF 6.8 billion (EUR 17.2 million) and a profit after tax of HUF 390 million (EUR 987 thousand) in Hungary. AS Budapest recorded a turnover of HUF 7.3 billion (EUR 18.4 million) in 2023, but suffered a pre-tax loss of HUF 1 billion (EUR 2.5 million).