Dubai's dnata buys stake in Brazilian airport ground handler

Air services provider reaches agreement to acquire majority stake in Brazil’s RM Ground Services
Dubai's dnata buys stake in Brazilian airport ground handler
By Staff writer
Sat 28 Nov 2015 11:54 AM

dnata, the Dubai-based air services provider, has reached an agreement with Brazil’s RM Ground Services to purchase a majority stake in the company.

The acquisition marks dnata’s first step into the South American continent, the company said in a statement.

RM Ground Services, which was founded by Ricardo Morrison in 2004, operates at more airports in Brazil than any other ground handling company. It offers passenger and ramp handling as well as cargo services.

The company has 2,100 employees, serves over 400 flights a day at 24 airports across the country, and is highly-regarded for the quality of its operations and staff.

The company’s domestic clients include GOL, AZUL, Avianca and TAM Airlines. RM also provides services to international airlines and major cargo carriers.

Stewart Angus, dnata’s divisional senior vice president of International Airport Operations, said: “The purchase of RM Ground Services is an important milestone for dnata. This latest acquisition opens the door for dnata to serve one of the world’s fastest-growing aviation regions, South America.

"We look forward to building on the excellent foundations that already exist at RM Ground Services. We have found a great partner and passionate aviation expert in Ricardo Morrison.”

Under the deal, the Recife-based company will be rebranded to dnata, and Ricardo Morrison will continue as CEO. All current staff will also remain with the company.

The acquisition of RM Ground Services closely follows other recent high-profile transactions by dnata, including the investment in ground handling operations in Milan and cargo facilities at Amsterdam Schiphol Airport.

Established in 1959, dnata ensures the aviation industry operates in 79 airports across the Middle East, Europe, Asia Pacific, Africa, North America and now South America.

For all the latest transport news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.

Subscribe to our Newsletter

Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.