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  • Writer's pictureTeam CargoTalk

Ghitha Holding PJSC acquires 44% stake in MNG Airlines

Ghitha Holding PJSC, a subsidiary of Abu Dhabi-based conglomerate International Holding Company, acquired 44% stake in of Turkish-headquartered MNG Airlines, Falal Ameen, Group CEO, Ghitha Holding, said.

In this regard, the company reached a Share Purchase Agreement with its wholly-owned indirect subsidiary, Ghitha Aeroinvest Holding, and acquired the airlines at US$211.20 million.

“The partnership not only expands our logistical capabilities but also strengthens our commitment to supplying quality products.

We are proud to leverage MNG Airlinnes’ expertise in cargo and logistics to enhance our offerings and to continue evolving in line with our customers’ needs and preferences.”

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