Air, Business, Feature, Freight News

WFS buys out Ireland partners

[ May 11, 2018   //   ]

Worldwide Flight Services (WFS) has acquired a 100% shareholding in its former WFS Ireland joint venture after buying the minority shareholding of its partners, Gerry Jackson and Brendan Byrne.

Gerry Jackson retired from the company at the end of 2017 but Brendan Byrne will continue as president of WFS Ireland. The venture – covering cargo handling stations in Dublin, Cork and Shannon – has been operating for 13 years with WFS as the majority shareholder.

It serves over 50 airline customers in Ireland, including Air China, American Airlines, Delta Air Lines, Emirates Airline, IAG Cargo, Lufthansa, SAS and SWISS International Airlines, handling over 45,000 tonnes at the three stations in 2017.

This year, Emirates Airline has signed a new five-year contract for cargo handling, and WFS has also been awarded new contracts by Air Arabia (Maroc) and Norwegian.

WFS executive vice president cargo Europe Middle East and Asia, John Batten, said: “We are proud to have partnered with Gerry and Brendan for the past 13 years because they are highly respected by our customers and have worked closely with us to grow the business to its strongest-ever position…One of WFS’ next major investments in Ireland will be a 70% expansion of our temperature-controlled facilities in Dublin to support our customers’ pharmaceutical products and services.”