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 25/09/2017, 22:32
qatar-airways-takes-delivery-of-first-b747-8-freighterEVERETT, WA.: September 25, 2017. Qatar Airways has taken delivery of its first B747-8 freighter and ordered two more plus four B777-300ERs for a total...
Written on 22/09/2017, 21:44
dhl-begins-annual-volunteer-seasonBONN: September 20, 2017. Deutsche Post DHL has begun its seventh annual global 'Volunteer Day' program that ends on October 01 to encourage its more than...
Written on 21/09/2017, 18:41
freightweek-news-update-week-38LE HAVRE: September 22, 2017. Bolloré Logistics has opened a second multimodal hub at the Pont de Normandie to manage logistics flows throughout France's...
Written on 21/09/2017, 18:20
1-77-trillion-added-value-in-iot-logistics-by-2025BONN/SHANGHAI: September 20, 2017. DHL Supply Chain has introduced a trial Narrowband Internet of Things (NB-IoT) application to improve yard management...
Written on 21/09/2017, 18:10
first-efl-charter-to-columbus-from-colomboCOLOMBO, Sri Lanka: September 20, 2017. Fashion forwarder Expo Freight has shipped 100 tonnes of garments for Ohio-based retailer L Brands on a Qatar...
Written on 21/09/2017, 18:08
geodis-delivers-massive-power-projectDEL SUR, Bolivia: September 20, 2017. Geodis is in the process of delivering 14 industrial gas turbines, 11 steam turbines and additional Siemens...
Written on 21/09/2017, 17:59
new-silk-way-rail-linkHONG KONG: September 20, 2017. Tigers, a supply chain management company, has launched 'Tiger Rail' with a 16-day transit time to and from Duisburg,...
Written on 16/09/2017, 03:41
cma-cgm-reports-us-472-million-q2-ebitMARSEILLE: September 15, 2017. CMA CGM has reported a 56.8 percent increase in second quarter 2017 revenue to US$5.55 billion and a net income of US$219...
Written on 14/09/2017, 19:01
brucargo-plans-multimodal-cloud-with-nxtportANTWERP/BRUSSELS: September 14, 2017. Data platform NxtPort and Air Cargo Belgium's BRUcargo cloud-based community have signed an MoU to develop a digital...
Written on 13/09/2017, 22:03
kuehne-nagel-launches-lithium-battery-logisticsSCHINDELLEGI, Switzerland: September 13, 2017. Kuehne + Nagel has launched 'KN Battery Chain' – a supply chain solution for shipping large lithium...
Written on 13/09/2017, 16:36
cargo-re-starts-at-miaMIAMI: September 13, 2017. Miami International Airport expects a return to normal flight operations by the weekend of September 16/17 following Hurricane...
Written on 12/09/2017, 21:07
wisetech-acquires-air-and-ocean-rate-managementSYDNEY: September 12, 2017. Logistics software group WiseTech Global has acquired two rate management companies: Netherlands-based Cargoguide covering the...
Written on 12/09/2017, 20:05
40-million-investment-for-dunkerqueDUNKERQUE: September 12, 2017. The Dunkerque Multibulk Terminal (DMT) is investing €40 million over the next two years to produce construction materials...
Written on 12/09/2017, 19:13
rickmers-group-thrown-a-lifebeltHAMBURG: September 11, 2017. The Zeaborn Group and Hamburg shipowner Bertram Rickmers are to acquire the Rickmers Group's global ship management business,...
Written on 11/09/2017, 20:50
freightweek-news-update-week-37FELIXSTOWE, UK: September 15, 2017. Construction company VolkerFitzpatrick has won a contract at the Port of Felixstowe to design and construct 13...
Written on 11/09/2017, 15:16
danes-sell-belgium-terminal-to-chinaTHE HAGUE: September 11, 2017. APM Terminals, part of the A.P. Moller - Maersk Group, is to sell its 76 percent ownership of Belgium's second largest...
Written on 08/09/2017, 18:42
hna-to-spend-another-us-1-billion-on-logisticsSINGAPORE: September 07, 2017. HNA Belt and Road Investments Singapore, a subsidiary of HNA Holding Group (HK Group), has made an unsolicited offer of...
Written on 07/09/2017, 21:21
american-cancels-flights-ahead-of-irmaDALLAS/FORT WORTH: September 07, 2017. American Airlines (AA) has canceled 2,405 flights between today and September 11 as a result of Hurricane Irma, due...
Written on 07/09/2017, 19:39
china-merchants-acquires-brazil-container-terminalXIAMEN, China: September 04, 2017. China Merchants Port Holdings (CMPort), owned by China's state-owned Assets Supervision and Administration Commission...
Written on 06/09/2017, 14:08
freightweek-news-update-week-36NEW JERSEY, September 07, 2017. The 14,400 TEU capacity CMA CGM Theodore Roosevelt has became the largest container ship to pass under the raised Bayonne...

- powered by Quickchilli.com -