SATS Buys Worldwide Flight Services To Become Biggest Cargo Handler

SATS
Credit: Heorshe/Alamy Stock Photo
SINGAPORE—Singapore-based ground handler SATS has announced that it will be buying Worldwide Flight Services (WFS), the world’s largest cargo handling company. The €1.19 billion ($1.14 billion) all-cash transaction will see WFS acquired from an affiliate of private equity firm Cerberus Capital...
Chen Chuanren

Chen Chuanren is the Southeast Asia and China Editor for the Aviation Week Network’s (AWN) Air Transport World (ATW) and the Asia-Pacific Defense Correspondent for AWN, joining the team in 2017.

Subscription Required

 

SATS Buys Worldwide Flight Services To Become Biggest Cargo Handler is published in Aviation Daily, an Aviation Week Intelligence Network (AWIN) Market Briefing and is included with your AWIN membership.

Already a member of AWIN or subscribe to Aviation Daily through your company? Login with your existing email and password

Not a member?  Learn how to access the market intelligence and data you need to stay abreast of what's happening in the air transport community.