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
Olivier Bijaoui
Fraport, WFS complete partnership deal
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
WFS takes 51% stake in Fraport Cargo Services
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
WFS is set for biggest EU expansion
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
Worldwide Flight Services has a new owner
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
