English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

WFS acquires Brazil's Oribtal

PRESS RELEASE

October 07, 2014: Worldwide Flight Services (WFS) has taken its first step into the Latin America ground handling market by acquiring a controlling shareholding in Orbital Group, one of Brazil's leading providers of ramp, passenger and airport security services.

The investment is also timed to serve as a platform for France-based WFS to enter the cargo handling market in Brazil as new opportunities emerge.

Founded in 2002, Orbital has operations at 19 airports across Brazil and handles some 23,000 flights a year for over 30 major airline customers. The company employs 1,700 staff and is headquartered in Sao Paulo, and generates annual sales of approximately US$40 million.

Orbital photo 1Under the terms of the deal, Rubens Pereira Leitão Filho, Managing Director of Orbital Group will continue in this role and as a shareholder in the company.

Olivier Bijaoui, President & CEO of WFS, said: "We've been looking for an entry point to the Latin America market for a number of years. Rather than jump at the first opportunity, we have waited for the right one to come along. Brazil was a clear choice because of its economic strength, growth and the scale of commercial aviation to support the objectives we have in entering the market. We are delighted to welcome Orbital and its 1,700 employees into the global WFS family of companies. Orbital has been a success story in its own right and is highly respected for its quality, stability and growth, and as a caring employer. It shares the same corporate values as WFS and we are confident it is an excellent fit for us."

Rubens Filho added: "We are very excited to be working with WFS. It is a world leader in ground handling with a strong and growing business covering over 120 airports in more than 20 countries, and has a client base of 300 airlines. Its expertise will add to the current activities performed by Orbital and generate consequent development and growth. Our airline customers and airport authority partners will benefit from new technologies and specialized services, particularly for air cargo handling given WFS' position as the world's largest cargo handling company, processing four million tonnes a year."

WFS also announced the appointment of Adolfo Morales as Executive Vice President - Latin America, based in Miami.

"Orbital have demonstrated their ability to be successful in a challenging and competitive market as well as the creativity to develop ancillary services, such as baggage handling. Now there will be expansion opportunities that would not have been possible for our two companies separately. We plan to build a business together throughout Brazil, entering new markets and increasing the range of services we offer to our customers. We are very positive about the prospects for the Brazilian economy, as one of the emerging BRICS national economies, and through its historical and commercial ties with Europe and North America respectively," Adolfo Morales said.

More News

Written on 21/02/2018, 16:59
saudia-cargo-eyes-india-market-growthMUMBAI: February 21, 2018. Saudia Cargo executive director Commercial Rainer Muller said his attendance at Air Cargo India in Mumbai this week provided an...
Written on 20/02/2018, 16:14
first-of-four-b777s-delivered-to-ukraine-international-airlinesKIEV: February 20, 2018. Ukraine International Airlines (UIA) has taken delivery of its first B777-200 aircraft from lessor AerCap to replace B767-300s on...
Written on 19/02/2018, 22:11
southwest-to-launch-international-air-cargo-servicesLOVE FIELD, TX: February 19, 2018. Southwest Airlines is to begin international airfreight services in May to Mexico City, Cancun, Cabo San Lucas/Los...
Written on 19/02/2018, 16:40
freightweek-news-update-week-08PARIS: February 21, 2018. The French Interparfums company that owns the Lanvin and Rochas brands and licenses Montblanc, Jimmy Choo, Coach, Boucheron and...
Written on 18/02/2018, 00:45
air-france-klm-keep-a-hand-in-shaping-the-gameAMSTELVEEN/PARIS: February 16, 2018. The Air France KLM Group has reported a 6.8 percent rise in Q4 2017 cargo revenue to €583 million and €2.087 billion...
Written on 16/02/2018, 21:46
swiss-tv-goes-live-in-south-korea-with-natcoZURICH/ PYEONGCHANG, South Korea: February 16, 2018. Project logistics specialist Natco AG, part of the British TransGlobal Group, has delivered all the...
Written on 15/02/2018, 18:15
ryder-opens-u-s-mexico-border-facilityMIAMI: February 14, 2018. Ryder System has opened a 109,000 sq.ft. logistics facility in Laredo, Texas to support cross-border shipments between the U.S....
Written on 15/02/2018, 16:44
miami-airport-gets-ftz-statusMIAMI: February 15, 2018. The U.S. Department of Commerce has designated Miami International Airport's entire 3,230-acre land parcel as a Foreign Trade...
Written on 14/02/2018, 16:57
jd-com-delivery-for-valentine-s-dayBEIJING: February 14, 2018. China retailer JD.com is selling 18.6 percent of its subsidiary JD Logistics for an estimated US$2.5 billion. The investors...
Written on 13/02/2018, 21:22
delta-cargo-adds-gps-tracking-to-equation-express-productATLANTA: February 13, 2018. Delta Cargo has launched 'Equation Critical', a new service with GPS-tracking for next-flight-out international shipments with...
Written on 13/02/2018, 20:14
valentine-s-day-still-a-growing-demandAALSMEER, The Netherlands: February 13, 2018. Valentine's Day, made official by Pope Gelasius in the fifth century to distract Roman Catholics from a more...
Written on 12/02/2018, 21:16
profit-surge-from-e-commerce-for-aramexDUBAI: February 12, 2018. Logistics provider Aramex has reported a nine percent increase in 2017 revenues to AED4.72 billion and a 14 percent year-on-year...
Written on 12/02/2018, 20:34
more-capacity-sharing-for-heavylift-and-project-cargoHAMBURG/ROTTERDAM: February 12, 2018. RollDock and SAL Heavy Lift are to launch a capacity pool for Roll-On/Roll-Off and Float-In/Float-Out project and...
Written on 11/02/2018, 19:37
g-w-invests-in-cargomaticDARIEN, CT: February 08, 2018. Railroad company Genesee & Wyoming has invested in Cargomatic, a technology platform connecting shippers and truck...
Written on 09/02/2018, 16:07
delta-cargo-expands-pharma-4-serviceATLANTA: February 9, 2018. Delta Cargo has added eight new destinations to its Pharma 4 program for temperature-sensitive shipments including Bogota, Hong...
Written on 08/02/2018, 19:20
ups-adds-midday-express-freight-deliveryATLANTA: February 08, 2018. UPS has added a midday service to its Worldwide Express Freight (WEF) product, offering a delivery time of 12 p.m. or 2 p.m....
Written on 08/02/2018, 14:39
evergreen-orders-eight-11-000-teu-containershipsTAIPEI: February 08, 2018. Evergreen Marine Corporation (EMC) has ordered eight 11,000 TEU containerships from Samsung Heavy Industries (SHI) for delivery...
Written on 07/02/2018, 22:05
emirates-skycargo-to-begin-daily-maastricht-flightDUBAI: February 06, 2018. Emirates SkyCargo has added Maastricht to its scheduled freighter network with an initial two B777 freighter flights a week from...
Written on 07/02/2018, 17:19
heavylift-bucket-delivered-to-angolaANTWERP: February 07, 2018. Heavylift and project cargo specialist Manora Logistics has recently completed the delivery of equipment to the mine and iron...
Written on 07/02/2018, 16:21
vallair-orders-10-a321-freighter-conversions-from-efwSINGAPORE: February 07, 2018. Elbe Flugzeugwerke (EFW), the aircraft conversion joint venture of ST Aerospace and Airbus, is to convert 10 A321 passenger...

- powered by Quickchilli.com -