National Aviation Services and Colossal Africa complete acquisition of BidAir
Colossal Africa's participation in the BidAir transaction ensures a local shareholding.
National Aviation Services (NAS), Colossal Africa, and a consortium of current executive management from BidAir Services announced the closing of the acquisition of BidAir after the Airports Company of South Africa (ACSA) and other regulatory approvals were met. BidAir employees were informed on Friday that they are now officially employees of NAS Colossal Aviation Services.
More than 25 international and domestic airlines fly into South Africa, and BidAir provides quality handling services such as passenger handling, ramp handling, load control and operations, cleaning, and toilet and water services. BidAir Services has handled over 500 000 flights since March 2008.
“We are pleased to inform you that the sale agreement has been reached and signed by all parties and the acquisition is now complete. This move was made in the best interest of all parties concerned and we will surely benefit with the experience, expertise and direction of these two organisations,” said BidAir CEO Bushy Mbele (pictured).
Colossal is a 100 percent black and female owned South African company with a strategic focus on aviation and infrastructure, and its participation in the deal will ensure a local shareholding.
NAS and Colossal are committed to the overall development of NAS Colossal Aviation Services, as well as to strengthening its capabilities and customer service. Training, technology, and sustainability initiatives are also high on the priority list for additional investment. All partners are working together to ensure a smooth transition with no disruption to customer operations, services, or employees.