Cargo handler Worldwide Flight Services (WFS) is being acquired by global investment firm Platinum Equity from its former owners, LBO France. WFS was formed in 1971 and has grown to become the world’s largest cargo handler. It is active at over 140 major airports, employs 12,000 staff and generates annual revenues in excess of €620 million ($696 million). In 2012, WFS was poised to merge with passenger services specialist Aviapartner, forming a company with €1 billion in ...

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