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WFS to acquire US-based Consolidated Aviation Services

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Olivier Bijaoui

WFS to acquire US-based Consolidated Aviation Services

January 11, 2016 by Payload Asia

Worldwide Flight Services (WFS) - the world’s largest air cargo handler and one of the leading providers of airline ground handling and technical services - has continued its expansionist bent with an agreement to acquire New York-based Consolidated Aviation Services (CAS) for an undisclosed price. CAS is one of the leading cargo handlers in the US, serving over 250 airline customers. WFS, which was acquired by Platinum Equity in September 2015, is present at over 145 major airports in more … [Read more...] about WFS to acquire US-based Consolidated Aviation Services

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, CAS, Consolidated Aviation Services, Fraport Cargo Services, Olivier Bijaoui, WFS, Worldwide Flight Services

Fraport, WFS complete partnership deal

November 2, 2015 by Payload Asia

Fraport AG and WFS have completed the transaction for a strategic partnership in the area of airfreight handling at Frankfurt Airport. Under the agreement signed in July 2015, Fraport has sold a 51-per cent share in its Frankfurt-based Fraport Cargo Services GmbH (FCS) subsidiary to WFS, the world's largest independent air cargo handler. Fraport AG executive board chairman Stefan Schulte said: "We are launching a new chapter in cargo handling at Frankfurt with a very strong and competent … [Read more...] about Fraport, WFS complete partnership deal

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, Fraport, Olivier Bijaoui, WFS

WFS takes 51% stake in Fraport Cargo Services

July 9, 2015 by Payload Asia

Worldwide Flight Services (WFS) is to acquire a 51 per cent shareholding in Fraport Cargo Services (FCS) as part of a strategic partnership with Fraport AG. The investment is part of WFS’ strategy to continue to expand in Europe’s major cargo markets. Fraport is to retain a 49 per cent share in FCS and will continue to take a substantial role in the management of the company. Terms of the transaction, which WFS and Fraport plan to close by September 2015, have not been … [Read more...] about WFS takes 51% stake in Fraport Cargo Services

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, FCS, Fraport AG, Fraport Cargo Services, Olivier Bijaoui, Stefan Schulte, WFS, Worldwide Flight Services

WFS is set for biggest EU expansion

June 11, 2015 by Payload Asia

Worldwide Flight Services (WFS) is set for the biggest expansion of its ground handling activities in Europe in over 40 years after being awarded full ground handling licenses to operate at Spain’s Madrid, Seville, Santiago, Oviedo and Vitoria airports. WFS expects to commence full passenger and ramp services in Madrid, alongside its existing cargo business, and Seville in October in addition to continuing its cargo operations in Barcelona and Valencia. Santiago and Oviedo will join … [Read more...] about WFS is set for biggest EU expansion

Other Topics: Aena, Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, Emilio Fernandez, Olivier Bijaoui, Pablo Garcia, Spain, WFS, Worldwide Flight Services

Worldwide Flight Services has a new owner

May 15, 2015 by Payload Asia

Private equity firm LBO France has agreed to sell its ownership of ground handling company Worldwide Flight Services (WFS) to Platinum Equity – a specialist merger, acquisition and operation (M&A&O) company - for an undisclosed sum. The deal is expected to be completed by the end of June and is subject to regulatory approvals. WFS is a cargo handler and global provider of ground handling and technical services with annual revenues in excess of €620 million. It is present … [Read more...] about Worldwide Flight Services has a new owner

Other Topics: Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, cargo handler, LBO France, Olivier Bijaoui, Platinum Equity, WFS, Worldwide Flight Services

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