AirCargo World Online
CAREER CENTER
BREAKING NEWS
Air Cargo Americas Conference Postponed
NWA Cargo Joins SkyTeam
DHL Relocates
BA Opens Bangalore Services
Virgin Sells Cargo Handling Unit
FedEx
Expands in India
SUBSCRIBE NOW TO AIR CARGO WORLD
SUBSCRIBE NOW
Breaking News

Virgin Sells Cargo Handling Unit

A targeted niche operation is no longer enough in airport cargo handling services.

Virgin Atlantic Cargo ended its foray into selling ground service this month when it sold its North American third-party airport operation to Worldwide Flight Services.

The airline hoped to build its operations handling its own cargo into a profit center when it started selling ground handling service in the 1990s and won over a handful of other airlines as clients. But since then companies such as WFS and Menzies have expanded into global businesses by buying up national operators and selling broader ramp services in addition to cargo handling.

"We reached a point where we had to branch out, possibly into ramp or passenger handling, or outsource the operation to a company who can realize the value when aligned to theirs," said Jack Fiol, Virgin Cargo's vice president in the United States.

Under the sale agreement, WFS will take over Virgin's handling assets and staff at five U.S. cities - Newark, N.J., Los Angeles, Miami, Washington and Orlando, Fla. - and serve Virgin and its customers for at least five years.

 

 


Search AirCargo
World Online
 
powered by FreeFind
E-mail a friend:
Subscribe!
Enter your email address to join Air Cargo World Newsletter today!

HTML
Text       
AOL