World’s biggest airfreight handler sold to SATS

SATS is to acquire Worldwide Flight Services, the world’s largest air cargo handler from existing owner, Cerberus Capital Management for €2.25 billion.The companies said the combination would create a global air cargo platform with stations across Asia, the Americas, and Europe. Customers will benefit from the combined platform’s broader suite of services, operational best practices, and integrated technology.WFS chief executive Craig Smyth said: “WFS has become the leading global air ... [+]

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