Sick patient on gurney in operating room with doctors in front of him

Quietly, France’s Worldwide Flight Services (WFS) last week reported its fourth-quarter and annual results, which weren’t outstanding, but pointed to a business safely navigating through a transition period – and for which, the light at the end of tunnel might not be that of an oncoming train.

WFS is not out of the woods, although positive third-quarter trends were confirmed and there were encouraging signs written all over its latest trading update. As a reminder, the endgame here might well be a merger ...

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