Worldwide Flight Services has a new owner

Private equity firm LBO France has agreed to sell its ownership of ground handling company Worldwide Flight Services (WFS) to Platinum Equity – a specialist merger, acquisition and operation (M&A&O) company - for an undisclosed sum.


cargo handler LBO France Olivier Bijaoui Platinum Equity WFS Worldwide Flight Services


Private equity firm LBO France has agreed to sell its ownership of ground handling company Worldwide Flight Services (WFS) to Platinum Equity – a specialist merger, acquisition and operation (M&A&O) company – for an undisclosed sum. The deal is expected to be completed by the end of June and is subject to regulatory approvals.

WFS is a cargo handler and global provider of ground handling and technical services with annual revenues in excess of €620 million. It is present at over 140 major airports in more than 22 countries on five continents, serving 50 million passengers and handling over four million tons of cargo per annum for 300 airline customers. Since its formation in 1971, WFS has grown from a family business to a global leader and now employs 12,000 staff worldwide.

Olivier Bijaoui, executive chairman, president and CEO of WFS, said: “We view our future collaboration with Platinum Equity as a unique opportunity to grow our business and explore new opportunities, leveraging on our solid foundations and second-to-none experience. Their financial strength and M&A expertise will be of great support in our acquisition strategy and help the management to write a new and successful page of WFS history.”