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Aviapartner

Full company profile

uuid0036m6i

Namestring
Aviapartner
Legal namestring
Aviapartner Holding NV
Company typeenum
Private
Founded yearint
1949
Descriptiontext

Aviapartner Holding NV is a privately held Belgian company founded in 1949 (originally as Belgavia) and headquartered at Brussels National Airport in Zaventem. It is Europe's leading independent provider of airport ground handling services — explicitly positioned as not airline-owned — delivering ramp handling, passenger services, baggage handling, traffic operations, and lost-and-found management to passenger airlines at 78 airports across 10 countries in Europe and Africa. The company employs more than 18,000 people, serves over 500 airline customers, and processes roughly 120 million passengers and 350,000 tonnes of cargo annually (the latter being restructured following the 2026 divestment of Brussels cargo operations to WFS and the sale of Aviapartner Liège to SAL).

The portfolio is organized around three sub-brands alongside the core ground handling business: Aviavip operates the largest FBO (Fixed Base Operator) network in the EU for executive, business, and private aviation; Prima Vista Group runs branded VIP passenger lounges at 7 European airports; and a Lost & Found service uses the WorldTracer system for baggage tracing. Operations are delivered on-site through dedicated station management teams at each airport, with support from shared systems including a cloud-based Applicant Tracking System for high-volume recruitment and a GDPR-compliant data management platform.

Revenue is generated via professional services contracts — quote-based pricing per airport, service type, and aircraft size, billed in euros exclusive of VAT — to B2B customers (passenger airlines, executive aviation operators, and airport authorities). The go-to-market is enterprise field sales with direct, on-site service delivery. Recent strategic posture is one of portfolio rationalization: divestment of non-core cargo (Brussels to WFS; Liège to SAL for ~€28M) coupled with continued greenfield expansion into new geographies (Angola, Bulgaria, Greece) and the lounge vertical. Ownership remains private with no parent company or institutional control identified in the source data, suggesting an owner-operator or management-led structure.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersZaventem, Belgium
HQ citystring
Zaventem
HQ countrystring
Belgium
HQ regionstring
Europe
Markets served

Serves global market

Offices52 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
airport ground handling, passenger services, executive aviation, cargo handling, airport lounges
Industry4 codes
1Ground Handling (Ramp, Baggage, Turnaround)
CodeTHABAIACPrimaryYes
2Private Aviation Ground Support & Trip Services (Dispatch, Permits, Handling)
CodeTHABAFAKPrimaryNo
3Catering & Cabin Logistics Operations
CodeTHABAIALPrimaryNo
4In-Flight Operations Support (Cabin Logistics, Loading, Inventory)
CodeTHABAMAJPrimaryNo
NAICS code2 codes
  • Support Activities for Air Transportation4881
  • Other Airport Operations488119
SIC code1 code
  • Airports, Flying Fields & Airport Terminal Services4581
Product category
Airport Ground Handling Services
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model4 records
1Ground Handling Services
TypeProfessional Services
Description

Ramp handling, passenger services, traffic operations, and baggage handling for passenger airlines at airports across Europe and Africa

jobs.aviapartner.aero
2Cargo Handling Services
TypeProfessional Services
Description

Cargo warehouse operations handling dangerous goods, live animals, pharma, food, and fresh flowers. Moving up to 350,000 tonnes of cargo per year. Note: Brussels Airport cargo operations being divested to WFS.

jobs.aviapartner.aero
3Executive Aviation (Aviavip)
TypeProfessional Services
Description

Premium FBO (Fixed Base Operator) services for business and private aviation through largest FBO network in the EU

jobs.aviapartner.aero
4Airport Lounges (Prima Vista)
TypeProfessional Services
Description

VIP passenger lounge operations at 7 airports in Europe

jobs.aviapartner.aero
Marketing channels5 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Pricing details1 tier
1Airport Ground Handling Services
ModelOtherBilling cadencePay-as-you-go
Notes

Rates vary by airport, service type, and aircraft size. All prices exclusive of VAT and airport charges. Cash or credit card payment required except for special agreements. Overdue payments incur 10% increase with minimum 200 Euro compensation.

aviapartner.aero
GTM typeB2B
B2B
Offering typeServices
Services
Brand1 of 3 records shown
1Aviavip
Description

International general aviation company providing premium and fully customised service for general, business and private aviation. Described as the largest FBO network in the EU.

jobs.aviapartner.aero
+2 more records
Core offering1 text field

Aviapartner provides airport ground handling services for passenger airlines, including ramp handling, passenger services, baggage handling, and traffic operations. The company also manages cargo handling (up to 350,000 tonnes annually), executive aviation FBO services through the Aviavip network (largest FBO network in the EU), and airport lounge operations through Prima Vista Group at 7 European airports.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Handle 350,000 tonnes of cargo per year
+2 more records
Product overview1 text field

Aviapartner operates as a leading independent provider of Airport Ground Handling services across Africa and Europe, offering a comprehensive suite of aviation services. The core product is Ground Handling Services for passenger flights, encompassing ramp handling, traffic operations, and passenger services. The portfolio includes Cargo Services (being restructured following 2026 Brussels Airport divestment), the Aviavip sub-brand for executive and private aviation (largest EU FBO network), and Prima Vista Airport Lounges operating in 7 European airports. Additional services include Lost & Found management through WorldTracer integration. The company serves 500+ airline customers at 78 airports across 10 countries.

Product and service5 records
1Ground Handling Services
CategoryAirport Ground Handling
Description

Full-service airport ground handling for passenger flights, including ramp handling, traffic operations, and complete passenger services management for airline customers at 78 airports across 10 countries.

2Cargo Services
CategoryCargo Handling
Description

Air cargo handling services moving up to 350,000 tonnes annually, handling dangerous goods, live animals, pharma, food, and fresh flowers. Brussels Airport cargo operations are being divested to WFS.

3Aviavip Executive Aviation
CategoryExecutive Aviation FBO
Description

Premium Fixed Base Operator (FBO) services for general, business, and private aviation through the largest FBO network in the EU, providing fully customised ground handling for executive flights.

4Prima Vista Airport Lounges
CategoryAirport Lounge Operations
Description

Branded airport lounge operations at 7 European airports, providing a pleasant passenger experience for travelers through the Prima Vista brand.

5Lost and Found Services
CategoryPassenger Services
Description

Baggage tracing and lost & found management services using the WorldTracer international system for tracking mishandled baggage and processing passenger claims for airlines such as Air Transat, British Airways, Vueling, Iberia, and TAP Portugal.

Scale indicator9 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierMajorTypeStrategic or Co-development PartnerAnnounced on2026-02-02
Description

Proposed sale of Aviapartner Cargo nv (cargo operations at Brussels Airport) to WFS, a SATS company. Subject to customary conditions and approvals. Divestment reflects Aviapartner's strategic focus on passenger airline services.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Joint venture partnership in South Africa operating at O.R. Tambo International Airport, Cape Town International Airport, King Shaka International Airport, Chief Dawid Stuurman International Airport, King Phalo Airport, and George Airport.

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Airline services arm of the Emirates Group, operating ground handling, cargo, and travel services globally. Competes directly with Aviapartner at major European airports and is among the largest global ground handling platforms by volume.

TypeDirect peer
Description

One of the largest independent ground handling and fuel services companies globally, owned by Agility. Competes head-to-head with Aviapartner for airline contracts at airports across Europe and beyond, with comparable service portfolio spanning passenger, ramp, and cargo handling.

TypeDirect peer
Description

Acquiring Aviapartner's Brussels cargo operations. Owned by SATS (Singapore), WFS is the world's largest air cargo handler and a major ground handling competitor at many of the same airports where Aviapartner operates. Direct head-to-head competitor for both passenger and cargo handling contracts.

TypeBroad incumbent
Description

Singapore-based provider of gateway services and food solutions, parent of WFS. Competes with Aviapartner via its WFS subsidiary and represents the well-capitalized Asian incumbent increasingly expanding into European ground handling.

TypeDirect peer
Description

Nordic-focused ground handling company operating at airports across Scandinavia. Comparable independent handling model targeting passenger airlines, though primarily competing in different geographies (Nordics vs. Aviapartner's continental Europe focus).

TypeDirect peer
Description

World's largest provider of ground handling services for the aviation sector. Owned by private equity (PAI Partners/HRO Partners). Direct competitor at European airports with a comparable full-service passenger and cargo handling portfolio.

TypeDirect peer
Description

Turkish-headquartered ground handling and cargo services group operating at airports across Europe, Asia, and Africa. Direct competitor in cargo handling especially, and increasingly competing for passenger handling contracts at European airports.

TypeBroad incumbent
Description

Operates Frankfurt Airport and provides ground handling services via its subsidiary. While primarily an airport operator, the integrated handling arm competes with Aviapartner at German and other European airports for airline contracts.

TypeDirect peer
Description

North American-based aviation services provider (formed via combination of Servisair and LGS) offering ground handling, fueling, and aircraft cleaning. Comparable integrated service model, though primarily operating in North America with limited European overlap.

TypeRegional player
Description

Operator of Amsterdam Schiphol Airport (where Aviapartner provides handling services). Airport authority with potential in-house handling capabilities that represents both a customer and a competitor at Schiphol, but does not directly compete in Aviapartner's other markets.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights5 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers7 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles5 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries1 record

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Aviapartner

Airport Ground Handling Servicesaviapartner.aero

What Aviapartner does

Aviapartner Holding NV is a privately held Belgian company founded in 1949 (originally as Belgavia) and headquartered at Brussels National Airport in Zaventem. It is Europe's leading independent provider of airport ground handling services — explicitly positioned as not airline-owned — delivering ramp handling, passenger services, baggage handling, traffic operations, and lost-and-found management to passenger airlines at 78 airports across 10 countries in Europe and Africa. The company employs more than 18,000 people, serves over 500 airline customers, and processes roughly 120 million passengers and 350,000 tonnes of cargo annually (the latter being restructured following the 2026 divestment of Brussels cargo operations to WFS and the sale of Aviapartner Liège to SAL).

The portfolio is organized around three sub-brands alongside the core ground handling business: Aviavip operates the largest FBO (Fixed Base Operator) network in the EU for executive, business, and private aviation; Prima Vista Group runs branded VIP passenger lounges at 7 European airports; and a Lost & Found service uses the WorldTracer system for baggage tracing. Operations are delivered on-site through dedicated station management teams at each airport, with support from shared systems including a cloud-based Applicant Tracking System for high-volume recruitment and a GDPR-compliant data management platform.

Revenue is generated via professional services contracts — quote-based pricing per airport, service type, and aircraft size, billed in euros exclusive of VAT — to B2B customers (passenger airlines, executive aviation operators, and airport authorities). The go-to-market is enterprise field sales with direct, on-site service delivery. Recent strategic posture is one of portfolio rationalization: divestment of non-core cargo (Brussels to WFS; Liège to SAL for ~€28M) coupled with continued greenfield expansion into new geographies (Angola, Bulgaria, Greece) and the lounge vertical. Ownership remains private with no parent company or institutional control identified in the source data, suggesting an owner-operator or management-led structure.

Aviapartner firmographics

Firmographics
Name
Aviapartner
Legal name
Aviapartner Holding NV
Website
https://aviapartner.aero
Company type
Private
Founded year
1949
Operating status
Operating
Headcount range
5,001–10,000 employees
Ownership category
akta.pro rank

Aviapartner industry classification

Industry
Product category
Airport Ground Handling Services
NAICS
Support Activities for Air Transportation (4881), Other Airport Operations (488119)
SIC
Airports, Flying Fields & Airport Terminal Services (4581)
akta.pro primary industry
Ground Handling (Ramp, Baggage, Turnaround) (THABAIAC)
akta.pro secondary industries
Private Aviation Ground Support & Trip Services (Dispatch, Permits, Handling) (THABAFAK), Catering & Cabin Logistics Operations (THABAIAL), In-Flight Operations Support (Cabin Logistics, Loading, Inventory) (THABAMAJ)

Keywords

  • Airport ground handling
  • Passenger services
  • Executive aviation
  • Cargo handling
  • Airport lounges

Where Aviapartner is headquartered

Location

Headquarters

HQ city
Zaventem
HQ country
Belgium
HQ region
Europe

Offices52 records

Markets served

Aviapartner business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

  1. Ground Handling Services: Ramp handling, passenger services, traffic operations, and baggage handling for passenger airlines at airports across Europe and Africa
  2. Cargo Handling Services: Cargo warehouse operations handling dangerous goods, live animals, pharma, food, and fresh flowers. Moving up to 350,000 tonnes of cargo per year. Note: Brussels Airport cargo operations being divested to WFS.
  3. Executive Aviation (Aviavip): Premium FBO (Fixed Base Operator) services for business and private aviation through largest FBO network in the EU
  4. Airport Lounges (Prima Vista): VIP passenger lounge operations at 7 airports in Europe

Pricing tiers

ModelBillingPrice
OtherPay-as-you-goAirport Ground Handling Services

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Aviapartner product offering

Product offering

Core offering

Aviapartner provides airport ground handling services for passenger airlines, including ramp handling, passenger services, baggage handling, and traffic operations. The company also manages cargo handling (up to 350,000 tonnes annually), executive aviation FBO services through the Aviavip network (largest FBO network in the EU), and airport lounge operations through Prima Vista Group at 7 European airports.

Product overview

Aviapartner operates as a leading independent provider of Airport Ground Handling services across Africa and Europe, offering a comprehensive suite of aviation services. The core product is Ground Handling Services for passenger flights, encompassing ramp handling, traffic operations, and passenger services. The portfolio includes Cargo Services (being restructured following 2026 Brussels Airport divestment), the Aviavip sub-brand for executive and private aviation (largest EU FBO network), and Prima Vista Airport Lounges operating in 7 European airports. Additional services include Lost & Found management through WorldTracer integration. The company serves 500+ airline customers at 78 airports across 10 countries.

Differentiator

Problem solved

Functional benefit

Brands

  • Aviavip: International general aviation company providing premium and fully customised service for general, business and private aviation. Described as the largest FBO network in the EU.
  • Prima Vista Group
  • Prima Vista Lounges

Products and services

  • Ground Handling Services Full-service airport ground handling for passenger flights, including ramp handling, traffic operations, and complete passenger services management for airline customers at 78 airports across 10 countries.
  • Cargo Services Air cargo handling services moving up to 350,000 tonnes annually, handling dangerous goods, live animals, pharma, food, and fresh flowers. Brussels Airport cargo operations are being divested to WFS.
  • Aviavip Executive Aviation Premium Fixed Base Operator (FBO) services for general, business, and private aviation through the largest FBO network in the EU, providing fully customised ground handling for executive flights.
  • Prima Vista Airport Lounges Branded airport lounge operations at 7 European airports, providing a pleasant passenger experience for travelers through the Prima Vista brand.
  • Lost and Found Services Baggage tracing and lost & found management services using the WorldTracer international system for tracking mishandled baggage and processing passenger claims for airlines such as Air Transat, British Airways, Vueling, Iberia, and TAP Portugal.

Quantifiable outcome

  • Handle 350,000 tonnes of cargo per year
  • +2 more outcomes

Companies that use Aviapartner

Customer profile

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Aviapartner technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Aviapartner partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered major and core.

  • WFS (Worldwide Flight Services)majorStrategic or Co-development Partner · 2 February 2026Proposed sale of Aviapartner Cargo nv (cargo operations at Brussels Airport) to WFS, a SATS company. Subject to customary conditions and approvals. Divestment reflects Aviapartner's strategic focus on passenger airline services.
  • Colossal Aviapartner Aviation Services (PTY) LtdcoreStrategic or Co-development PartnerJoint venture partnership in South Africa operating at O.R. Tambo International Airport, Cape Town International Airport, King Shaka International Airport, Chief Dawid Stuurman International Airport, King Phalo Airport, and George Airport.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Aviapartner competitors and assessment

Company assessment

Direct peers

  • dnata: Airline services arm of the Emirates Group, operating ground handling, cargo, and travel services globally. Competes directly with Aviapartner at major European airports and is among the largest global ground handling platforms by volume.
  • Menzies Aviation: One of the largest independent ground handling and fuel services companies globally, owned by Agility. Competes head-to-head with Aviapartner for airline contracts at airports across Europe and beyond, with comparable service portfolio spanning passenger, ramp, and cargo handling.
  • WFS (Worldwide Flight Services): Acquiring Aviapartner's Brussels cargo operations. Owned by SATS (Singapore), WFS is the world's largest air cargo handler and a major ground handling competitor at many of the same airports where Aviapartner operates. Direct head-to-head competitor for both passenger and cargo handling contracts.
  • Aviator: Nordic-focused ground handling company operating at airports across Scandinavia. Comparable independent handling model targeting passenger airlines, though primarily competing in different geographies (Nordics vs. Aviapartner's continental Europe focus).
  • Swissport: World's largest provider of ground handling services for the aviation sector. Owned by private equity (PAI Partners/HRO Partners). Direct competitor at European airports with a comparable full-service passenger and cargo handling portfolio.
  • Celebi Aviation Holding: Turkish-headquartered ground handling and cargo services group operating at airports across Europe, Asia, and Africa. Direct competitor in cargo handling especially, and increasingly competing for passenger handling contracts at European airports.
  • PrimeFlight Aviation Services: North American-based aviation services provider (formed via combination of Servisair and LGS) offering ground handling, fueling, and aircraft cleaning. Comparable integrated service model, though primarily operating in North America with limited European overlap.

Broad incumbents

  • SATS Ltd. Singapore-based provider of gateway services and food solutions, parent of WFS. Competes with Aviapartner via its WFS subsidiary and represents the well-capitalized Asian incumbent increasingly expanding into European ground handling.
  • Fraport (Frankfurt Airport Services Worldwide): Operates Frankfurt Airport and provides ground handling services via its subsidiary. While primarily an airport operator, the integrated handling arm competes with Aviapartner at German and other European airports for airline contracts.

Regional players

  • Royal Schiphol Group: Operator of Amsterdam Schiphol Airport (where Aviapartner provides handling services). Airport authority with potential in-house handling capabilities that represents both a customer and a competitor at Schiphol, but does not directly compete in Aviapartner's other markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

Aviapartner social profiles

Digital presence

Aviapartner financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Aviapartner leadership team

Management profile

Number of profiles

Profiles5 records

Aviapartner subsidiaries and ownership

Company hierarchy

Subsidiaries1 record

Aviapartner funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Aviapartner M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Aviapartner

What does Aviapartner do?

Aviapartner provides airport ground handling services for passenger airlines, including ramp handling, passenger services, baggage handling, and traffic operations. The company also manages cargo handling (up to 350,000 tonnes annually), executive aviation FBO services through the Aviavip network (largest FBO network in the EU), and airport lounge operations through Prima Vista Group at 7 European airports.

Is Aviapartner a public or private company?

Aviapartner is a private company. It is classified as management employee owned and is currently operating.

When was Aviapartner founded?

Aviapartner was founded in 1949. It employs 5,001 to 10,000 people.

Where is Aviapartner based?

Aviapartner is headquartered in Zaventem, Belgium, in the Europe region.

How does Aviapartner make money?

Four revenue lines are on record. Ground Handling Services are the primary driver. The others are cargo Handling Services, executive Aviation (Aviavip) and airport Lounges (Prima Vista).

Who are Aviapartner's main competitors?

Direct peers on record are dnata, Menzies Aviation, WFS (Worldwide Flight Services), Aviator, Swissport, Celebi Aviation Holding and PrimeFlight Aviation Services. Broad incumbents are SATS Ltd. and Fraport (Frankfurt Airport Services Worldwide). Royal Schiphol Group is listed as a regional player.

Does Aviapartner have an API?

No public API is recorded for Aviapartner.

What industry is Aviapartner in?

Aviapartner's product category is Airport Ground Handling Services. Its primary akta.pro industry code is THABAIAC, Ground Handling (Ramp, Baggage, Turnaround), with a secondary code of THABAFAK, Private Aviation Ground Support & Trip Services (Dispatch, Permits, Handling). Its NAICS code is 4881 and its SIC code is 4581.

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Live signals
BeBeezAviapartner Handling si assicura finanziamenti per 30 mln euro da Banco BPM e CDP - BeBeezAviapartner Handling secured €30 million in financing from Banco BPM and CDP. The funds will support fleet renewal with electric vehicles and expansion of airport lounges. The company reported €94.5 million in revenue for 2024.Startup SceneSaudi Logistics Services to Acquire Belgium’s Aviapartner Liege for $3Saudi Logistics Services Company (SAL) has signed a sale and purchase agreement to acquire 100% of Aviapartner Liege, a Belgium-based ground handling company operating at Liege Airport, one of Europe’s major air cargo hubs. The acquisition is valued at SAR 123 million ($32.8 million) and will be financed in cash using SAL’s available resources. The transaction is expected to establish SAL’s operational presence in Europe as part of a broader international expansion strategy focused on strengthening logistics capabilities and diversifying revenue streams geographically.Thefinance360SAL Logistics To Acquire Belgium’s Aviapartner Liege For $30.3 Million To Expand European Cargo PresenceSAL Saudi Logistics Services Co. has agreed to acquire Belgium-based Aviapartner Liege SA for €28 million ($30.3 million), acquiring 100 percent of the company's share capital on a cash-free, debt-free basis under a sale and purchase agreement signed with Aviapartner Belgium NV and Aviapartner Holding NV. The acquisition provides SAL with a complete operational base at Liege Airport, one of Europe's major air cargo hubs and the fifth largest in the region, supporting its international expansion strategy and geographic revenue diversification under Saudi Vision 2030. The transaction will be funded using cash reserves and is subject to customary closing conditions and regulatory approvals, with closing expected to positively impact SAL's financial performance once consolidated.ZawyaSaudi’s SAL to acquire Belgium ground handling firm Aviapartner Liege for $32.8mlnSaudi Logistics Services Company (SAL) has signed a sale and purchase agreement to acquire a 100% stake in Belgium airport ground handling firm Aviapartner Liege for 123 million Saudi Arabian riyals ($32.8 million). The all-cash deal, financed through SAL's available resources, was signed with Aviapartner Belgium NV and Aviapartner Holding NV. SAL stated the acquisition supports its international expansion strategy by establishing an operational footprint at a key European cargo hub and diversifying its revenue streams geographically.FinSMEsAviapartner Receives Majority Investment from H.I.G. CapitalH.I.G. Capital acquired an equity stake in Aviapartner, a Brussels-based airport ground handling provider, making it a majority shareholder with the group's chairman and management. Aviapartner serves 27 airports across five European countries, handling over 300,000 flights for 400 airlines. The group plans to accelerate growth through acquisitions and expansion in Europe and Africa.