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The airfreight industry saw significant reshuffling of top executives across freight forwarders, carriers and logistics providers in 2022. Here is a look back at Air Cargo World’s top stories from the year on key executive appointments. 5. Etihad Cargo appoints Isik VP of Commercial Etihad Cargo in June appointed Tim Isik as vice president of ....
Worldwide Flight Services (WFS) subsidiary Frankfurt Cargo Services’ (FCS) facility in Frankfurt Airport (FRA) is now powered by 100% renewable energy, provided by green energy producer Energy Air GmbH. The transition to renewable energy supports all aspects of the FRA warehouse, including material handling, information technology (IT) and security systems, lighting and charging stations for ....
Singapore-based ground handler SATS purchased Cerberus-affiliated Worldwide Flight Services (WFS) at an enterprise value of 2.25 billion euros (US $2.1 billion), making it the largest global air cargo handler in the market. WHY IT MATTERS: The deal is part of SATS’ “twin growth engine” strategy to expand its network, according to SATS’ Sept. 28 release. ....
SATS Ltd., a catering and gateway services provider, has agreed to acquire air cargo handler Worldwide Flight Services at an enterprise value of €2.25 billion ($2.1 billion). The Singapore-listed firm will pay about €1.2 billion in cash for WFS, according to a statement on Wednesday. SATS last week confirmed it’s in ongoing discussions with Cerberus Capital Management ....
Dogs were used to detect lithium batteries in cargo shipments, baggage and mail for a six-month study recently completed in France for a solution that aims to sniff out undeclared batteries and uphold airfreight safety standards. Lithium batteries are presently a threat to flight safety, with fires sparked by the mishandling of poorly manufactured batteries ....