UK Cargo Re-structure

16th Jul 2012 07:00

JOHN MENZIES PLCUK CARGO RE-STRUCTURE16 July 2012

Menzies Aviation (Menzies), the aviation services subsidiary of John Menzies plc, today announces a re-structuring of its UK cargo business.

Menzies will focus its UK cargo business on its London Heathrow operations, together with smaller operations in Aberdeen and Belfast, and exit its cargo operations at Glasgow, Birmingham, East Midlands and Manchester airports. This restructuring, which will result in an exceptional write off of up to £3m, is expected to be completed by the end of August 2012 and will return the UK cargo business to profitability.

For further information:

Paul Dollman, Group Finance Director, John Menzies plc +44 131 459 8018

John Geddes, Group Company Secretary, John Menzies plc +44 131 459 8180

Jonathan Brill/Alex Beagley, FTI Consulting +44 207 831 3113

XLON

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