HomeNEWSBUSINESSNational Aviation Services Acquires 51PC Stake In Siginon Aviation

National Aviation Services Acquires 51PC Stake In Siginon Aviation

National Aviation Services (NAS) and Kenya’s Siginon Aviation Ltd have signed a strategic partnership agreement wherein Kuwait-based NAS will acquire a 51 percent stake and Siginon Group Ltd will retain a 49 percent stake in Siginon Aviation Ltd., Siginon Group’s airport ground handling and airport cargo management business.

NAS has expanded its presence in Africa with two new airports – Nairobi and Eldoret. In the last year alone, NAS launched operations in 14 airports across Africa.

“During the pandemic, our cargo services came to the forefront by keeping crucial supply chains flowing uninterrupted. With the ongoing vaccine requirements around the world, we also handled almost a million doses of the Covid-19 vaccine at different African airports. With this growing demand, we expanded our focus on cargo management in Africa and the partnership with Siginon Aviation is indeed timely,” Hassan El-Houry, Group CEO of NAS said.

The companies will bank on the combination of NAS’s global presence and expertise in airport services with Siginon Aviation’s experience in Kenya to successfully strengthen the ground handling, ramp handling and cargo handling capabilities on the continent.

“We foresee great promise for business and growth for both, our staff and our customers through service delivery – now and into the future. This partnership is a true reflection of our mutual ambition to make a positive mark in service excellence, extend our footprint in Kenya and beyond as we jointly tap onto the opportunities present in the cargo and aviation sector,” said Siginon Group’s Managing Director Meshack Kipturgo.

NAS says it will focus on advancing local knowledge and skills while offering more employment opportunities and career options.

The partnership is only between Siginon Aviation Ltd and NAS Africa Ltd. The rest of the Siginon Group subsidiaries in cargo transportation, airfreight, warehousing, distribution, and container freight stations remain under the full ownership and control of the Siginon Group.

Read: Siginon Group: Dam vehicles under bonded warehouse

>>> Siginon invests Sh140m in new fleet for SGR last mile

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