Worldwide Flight Services Acquires 100% of their Irish Joint Venture
Cargo, passenger and ramp handling experts Worldwide Flight Services has announced they have taken full control of their former WFS Ireland joint venture. The company has acquired a 100% shareholding after buying the minority shareholding of its partners, Gerry Jackson and Brendan Byrne. The deal was signed and completed at the end of March 2018.
Mr. Jackson retired from the joint venture company in 2017, however, Mr. Byrne will remain as company president of WFS Ireland. The joint venture has been in operation for 13 years and has been highly successful with cargo handling stations in Dublin, Cork and Shannon.
Earlier this year Dubai-based Emirates Airline signed a new five-year contract for cargo handling with WFS. The company also won new contracts with Norwegian Airlines and Air Arabia.
WFS EVP for Cargo Europe Middle East & Asia, John Batten said, “One of the main reasons for WFS’ success is our ability to combine our global network and service offering with outstanding local teams of people in each country where we are present. In Ireland, 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. We wish to thank Gerry for his many years of partnership and wish him a long and happy retirement, while Brendan will remain in his current role as we continue to grow and improve our service offering, supported by the great teams we have at all three locations. 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.”
Mr. Byrne commented, “Gerry and I are proud to see the business is such safe hands and are confident that WFS’ ambition and ability to invest for the future will continue to produce significant new opportunities for both our customers and staff.”