31st May 2016 08:18
LONDON (Alliance News) - Support services company John Menzies PLC on Tuesday said it has signed a memorandum of understanding with Oman Air to partner on ground handling services at nine airports in Oman.
The pair will now start a period of due diligence and focus on regulatory requirements for getting the deal done, with the aim of creating the joint venture in the last quarter of 2016.
Oman Air is the national airline of Oman.
No financial details on the partnership were disclosed.
John Menzies shares were up 0.5% to 505.45 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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