The WACO System, an exclusive global freight network for independent freight forwarders, appointed WWGC as its member for Pakistan in October 2016. “This achievement reflects the company’s firm stance in the local market, and ensures that WACO members know that they are dealing with a reputable network partner in Pakistan,” said Hassan Madni, Director of Corporate Business Development, WWGC. The accolade comes after a long and rigorous assessment process by IAG Cargo, … [Read more...] about WWG consolidators recognised with top customer award
International Airlines Group
Qatar Airways bumps up stake in IAG to 20%
Qatar Airways has announced that it now holds a 20.01 per cent stake in International Airlines Group (IAG) effective from 28 July. This follows a 12 July statement that it held, at that time, a 15.67 per cent shareholding in IAG, reiterating that it might consider increasing its stake further within the allowable limits. Non-EU shareholders of IAG including Qatar Airways are subject to an overall cap on non-EU ownership as a result of the requirement for EU airlines to be majority owned by EU … [Read more...] about Qatar Airways bumps up stake in IAG to 20%
Aer Lingus to accept takeover bid from IAG
The BBC has reported that Aer Lingus will be taken over by International Airlines Group (IAG), the parent company of British Airways and Iberia Airlines. According to several news sources, IAG pitched its latest proposal at €2.50 a share, valuing Aer Lingus at about €1.3 billion (approx. US$1.5 billion). The Irish Government owns a 25.1 per cent stake in Aer Lingus, while Ryanair owns 29.9 per cent. If the board accepts the bid the government will have to … [Read more...] about Aer Lingus to accept takeover bid from IAG
IAG Cargo partners with IFLN
IAG Cargo, the freight operation of International Airlines Group (IAG), has signed up logistics network IFLN as a preferred global forwarder partner. Under the terms of the agreement, IFLN can use the carrier’s network of more than 350 global destinations while IAG Cargogains access to IFLN’s freight forwarder network. David Shepherd, head of commercial at IAG Cargo, commented: “By partnering with IAG Cargo, IFLN will benefit from one of the … [Read more...] about IAG Cargo partners with IFLN