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
Worldwide Flight 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
WFS secures SIA cargo contract in UK
Worldwide Flight Services (WFS) has won a three-year contract to provide full cargo handling services for Singapore Airlines Cargo at London Heathrow and at all of its UK regional locations. The contract takes effect in January 2015 and will see WFS handle some 46,000 tonnes of cargo a year for the airline. Singapore Airlines Cargo operates two B747 freighter services a week from the UK with a payload of 100 tonnes per flight and provides cargo uplift for Singapore Airlines’ twice … [Read more...] about WFS secures SIA cargo contract in UK
WFS acquires Swissport's cargo business at Copenhagen
Worldwide Flight Services (WFS) has acquired Swissport's cargo business at Copenhagen Airport. WFS will take over Swissport's 4,200 square metres cargo terminal at Copenhagen Airport, which handles 18,000 tonnes a year on behalf of leading international airlines. Marc Claesen, regional vice president, North Europe at WFS, said: "We are delighted to have successfully concluded this agreement. Copenhagen has been a big growth airport for WFS since we opened our operation in 2006 and this … [Read more...] about WFS acquires Swissport's cargo business at Copenhagen
WFS acquires Swissport’s cargo business at Copenhagen
Worldwide Flight Services (WFS) has acquired Swissport's cargo business at Copenhagen Airport. WFS will take over Swissport's 4,200 square metres cargo terminal at Copenhagen Airport, which handles 18,000 tonnes a year on behalf of leading international airlines. Marc Claesen, regional vice president, North Europe at WFS, said: "We are delighted to have successfully concluded this agreement. Copenhagen has been a big growth airport for WFS since we opened our operation in 2006 and this … [Read more...] about WFS acquires Swissport’s cargo business at Copenhagen