Airports

Cerberus to buy WFS

12 July 2018

An affiliate of Cerberus Capital Management is to acquire ground-handling service provider Worldwide Flight Services (WFS) from Platinum Equity.

WFS reported total revenues of more than EUR1.2 billion (USD1.4 billion) in 2017. Based in Paris, it has a presence at 198 airports in 22 countries, serving more than 300 airlines. CEO Craig Smyth will remain to lead the company after the acquisition, which is expected to close in the fourth quarter of 2018.

Cerberus received financial advice from Citigroup Global Markets and legal advice from Linklaters.



(86 words)

RELEVANT PROFILE LISTINGS

  • POITIERS BIARD

    PIS/LFBI AIRFIELD REF PT.: N46 35.15 E000 18.24 ELEVATION : 423' 129m CFR : 5 MAX RWY LENGTH : 7,710' 2,350 m General Information SURFACE : Rwy 03/21, 7,710' 2,350 m, width 148' 45 m, asphalt, PCN 44 F/C/W/T. ADDITIONAL RUNWAYS : Rwy 03R/21L, 2,297' 700 m, width 148' 60 m, grass, Rwy 03L/21R,

  • HORTA

    HOR/LPHR AIRFIELD REF PT.: N38 31.19 W028 42.95 ELEVATION : 118' 36m CFR : 6 MAX RWY LENGTH : 5,233' 1,595m General Information SURFACE : Rwy 10/28, 5,233' 1,595 m, width 148' 45 m, asphalt. ADDITIONAL RUNWAYS : None. RUNWAY LIGHTING : Rwy 10: LIRL, REIL, ALSF-2, PAPI.Rwy 28: LIRL, REIL, ALSF-2,

  • PICO

    PIX/LPPI AIRFIELD REF PT.: N38 33.16 W028 26.29 ELEVATION : 109' 33m CFR : 0 MAX RWY LENGTH : 5,725' 1,745m General Information SURFACE : Rwy 09/27 Twy, 5,725' 1,745 m, width 148' 45 m, asphalt, PCN 80 F/B/W/T. ADDITIONAL RUNWAYS : None. RUNWAY LIGHTING : Rwy 09: LIRL, PAPI.Rwy 27: LIRL, ALSF-2,

  • SANTA MARIA

    SMA/LPAZ AIRFIELD REF PT.: N36 58.28 W025 10.24 ELEVATION : 308' 94m CFR : 7 MAX RWY LENGTH : 10,000' 3,048m General Information SURFACE : Rwy 18/36, 10,000' 3,048 m, width 197' 60 m, concrete. ADDITIONAL RUNWAYS : Rwy 15/33, 6,004' 1,830 m; Rwy 04/22, 4,345' 1,324 m; both asphalt; both closed.

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT