DSV – two tuck-ins and one 'ego play'
Looking past the side dishes
Southern Air’s parent Worldwide Air Logistics Group is to buy Florida West Intl Airways, an ACMI provider which owns one 767-300F and leases two more from LAN Cargo, also its prime customer. Based in Miami, it operates in Latin America, the Caribbean and the US.
This may not be the last purchase. According to the press release, Worldwide is expanding its “air cargo service offerings through the acquisition of new fleet platforms, expanded markets and growth of existing operations”. Florida West, which is still awaiting regulatory approval for the deal, and Southern Air will remain separate entities. Dan McHugh, CEO of Southern and Worldwide said in a statement: “We look forward to expanding our cost-focused, customer-oriented, lean and efficient offerings to new customers in more markets.”
Despite sending out a press release, no one at any of the companies was available for comment, according to the public relations company.
WestJet will 'disrupt' Canada with three 737Fs, but rivals aren't scared
West coast ports suffering as US container imports plunge by 37%
Cost-cutting FedEx Express to retire MD-11s for B767s and 777s
The 'mother of all BAFs' looms for shippers as green targets advance
Carriers turn their gaze back to scrubbers as voyage results tumble
Maersk idles more ships while NOOs see a rebound in demand
Billund sees launch of Maersk Air China link – 'a start-up on steroids'
First shipper uses new land-air corridor ex-India for Bangladesh exports
CMA CGM eyes car-carrier market boom as liners are ready to invest
DSV buys in Arizona to boost services and cross-border LatAm trade
Shippers advised to give strike-hit port of Hamburg a miss
The parcel empires strike back as smaller players take stock
Comment on this article