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BREAKING NEWS

Aviation services firm John Menzies expects lower annual profit

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(Reuters) – UK aviation servicing company John Menzies Plc <MNZS.L> said on Friday it expects lower annual profit, hurt by aviation market challenges, weak cargo volumes and flight schedule reductions.

Menzies, which traces its roots back to a bookshop founded in 1833, appointed in May Swiss private equity fund manager Christian Kappelhoff-Wulff to its board and formed two new committees to consider strategic and structural options.

(Reporting by Samantha Machado in Bengaluru; Editing by Arun Koyyur)

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