Worldwide Flight Services is on the verge of being acquired by a private equity firm. Bloomberg reports that Cerberus Capital Management is nearing a deal to buy the ground handler. Citing “people with knowledge of the matter”, the report claims Cerberus has seen off other bidders – The Loadstar understands that Swissport was at one stage considering a deal. Should the acquisition be agreed, it is expected to cost in the region of $1.4bn.

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