Kuwaiti logistics provider Agility last week finalized its £763 million acquisition (or around US$932.1 million) of UK-based John Menzies PLC, merging it with its subsidiary National Aviation Services. Once integrated, the combined company will provide air cargo services, fuel services and ground services and will carry the Menzies Aviation brand with Menzies Aviation CEO, Philipp Joeinig, becoming the CEO of the combined company. With combined revenues (Menzies and NAS) exceeding … [Read more...] about Agility seals Menzies acquisition
Agility
Agility’s airport services unit confirms Menzies takeover
Executives at British aviation services company John Menzies have accepted a £571 million (US$741 million) takeover bid from Kuwaiti rival National Aviation Services (NAS), owned by infrastructure and logistics giant Agility. Analysts say the Menzies and NAS merger would create the world’s largest airport services firm, according to the number of countries it operates in. Menzies, which offers services ranging from cargo and baggage-handling to passenger check-in and plane de-icing and … [Read more...] about Agility’s airport services unit confirms Menzies takeover
PLA Global Wrap: Week 33
For this week’s instalment of the global wrap, we have a handful of announcements from week 33, including the planned freighter conversion site in Addis Ababa by IAI and Ethiopian Airlines and the completed purchase of Agility’s unit by DSV Panalpina. There’s also the latest updates from DHL Global Forwarding, BBAM’s new orders for narrowbody freighter conversions, and Qatar Airways’ global rollout with WebCargo. DSV Panalpina completes purchase of Agility’s GIL unit Danish forwarder DSV … [Read more...] about PLA Global Wrap: Week 33
CHAMP, QR Cargo, Agility complete ONE Record pilot
The air cargo supply chain is making further steps toward better data transparency and connectivity as Champ Cargosystems announced the completion of the first phase of its IATA One Record pilot. One Record defines a common API for all electronic platforms used by stakeholders in the supply chain, particularly those involved in the data provisioning process. This would standardise the data exchange protocol in the air cargo industry and is expected to provide better data quality, control, … [Read more...] about CHAMP, QR Cargo, Agility complete ONE Record pilot
DHL and Agility remain exclusive logistics partners of Messe Frankfurt
Messe Frankfurt, the world's largest trade fair, congress and event organizer with its own exhibition grounds, has extended its exclusive cooperation with forwarding agents DHL Trade Fairs & Events and Agility for five years. This is the third time in a row that both companies have been contracted as the official logistics providers for the exhibition grounds in Frankfurt. These grounds span almost 60 hectares, and feature 11 halls with over 450,000 sqm of indoor and outdoor … [Read more...] about DHL and Agility remain exclusive logistics partners of Messe Frankfurt
Agility posts solid 3Q results despite revenue decline
Agility has announced its financial results for the third quarter of 2016, reporting a net profit of KD15.17 million (US$50 million), an increase of 11 per cent compared to the third quarter of 2015, despite revenues being down 7.0 per cent over the same period to KD312 million. EBITDA stood at KD28.90 million, a 19 per cent increase compared to the same period in 2015. Tarek Sultan, CEO of Agility, said: “We have now been seeing continuous underlying increase in the profitability of the … [Read more...] about Agility posts solid 3Q results despite revenue decline
