Worldwide Flight Services (WFS) will acquire a 51% stake in Fraport Cargo Services (FCS) as part of a strategic partnership with Frankfurt Airport operator and owner Fraport AG. The transaction is expected to close by September. The joint goal of this partnership is to expand the global reach of FCS in the rapidly moving and highly competitive air cargo industry, as well as strengthening Frankfurt Airport’s role as a major air cargo hub, both companies said in a statement.   By ...

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