Worldwide Flight Services (WFS) has won a three-year contract to provide cargo handling and trucking services for Pakistan International Airlines (PIA) in the UK. WFS will handle export and import cargo for PIA’s wide-bodied flights at London Heathrow, Birmingham and Manchester, connecting customers in the UK with Islamabad, Karachi and Lahore. At Heathrow, cargo carried onboard PIA’s 10 flights a week will be managed at WFS’ Building 551 in the airport’s World Cargocentre. WFS also … [Read more...] about WFS wins PIA contract for cargo handling, trucking in UK
Worldwide Flight Services
FCS, WFS merger at Frankfurt complete
The operations of FCS Frankfurt Cargo Services GmbH and WFS Worldwide Flight Services in Frankfurt have been fully merged following the takeover of FCS by WFS a few months ago. Since 1 February 2016 FCS has been in charge of the WFS handling - with physical handling carried out by FCS using its warehouse facilities. All customers of WFS were smoothly moved to the FCS premises due to an optimised restructuring of the existing capacity, the pair said, adding that documentary handling of all WFS … [Read more...] about FCS, WFS merger at Frankfurt complete
WFS to acquire US-based Consolidated Aviation Services
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
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
