NAS to acquire 51% stake in Siginon Aviation

Kuwait-based National Aviation Services is set to acquire a 51% stake in Siginon Aviation in Kenya in a deal reportedly worth $40m.

The partnership between NAS and Siginon Aviation will strengthen the ground handling, ramp handling and cargo handling capabilities at Nairobi and Eldoret airports.

In the last year despite the challenges caused by the pandemic, NAS has successfully launched operations in 14 airports across South Africa, DRC, Guinea Bissau and Zambia.

Hassan El-Houry, Group CEO of NAS said: “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.”

Meshack Kipturgo, Siginon Group’s Managing Director added: “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.”

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