Private equity players swoop on WFCI

PAI Partners and Baring Private Equity Asia have agreed to acquire World Freight Company International, which manages cargo freight capacity for more than 200 airline customers on more than 16,000 routes. The sellers are Greenbriar Equity Group and Pierre Brunet, chairman of WFCI. No financial terms were disclosed. Deutsche Bank and Kirkland & Ellis advised […]

Third runway and new bridge proving a cause for concern

The latest and probably most obvious issue is that of the much-delayed third runway which will increasingly dog the airport for the next six years until completion in 2024. Views are divergent on just how significant the impact will be. For many, including Volga-Dnepr’s Joanna Li, the lack of slots between now and 2024 will […]

A turning point for the world’s largest cargo hub?

Can Hong Kong continue to flourish as not just the leading air cargo hub of the world, but perhaps more importantly, the air cargo gateway to China to which it owes its pre-eminent position? Donald Urquhart asks where next for Hong Kong. Hong Kong is the undisputed air cargo king of the world. But a […]