DIVESTMENT ONGOING IN CHINA
Just before the close of 2019, China Southern hived
off its cargo business in line with the country’s
government’s change of tack over ownership. To that
end China Southern Air Holding has set up a new cargo
Amazon
still flowing
strongly
In the US, Amazon plans to
take over Pinnacle Logistics
air cargo operations in
Baltimore, Maryland and
Rockford. The retail giant
has offered Pinnacle staff
employment at Prime Air; the
initial changes will occur in
April this year.
Also on the cards is a
1m square foot distribution
centre in Wisconsin, which is
expected to hire 500 workers
when it opens this December.
AIR PARTNER
TAKES REDLINE
WORLDWIDE
Air Partner, the global aviation services
group, has announced that it has acquired
the entire issued share capital of Redline
Worldwide, trading as Redline Assured
Security, a leading global aviation
security solutions and training company.
The total consideration payable
by Air Partner is around £10m on a
debt-free, cash-free basis, with an
initial consideration of £8m payable on
completion and additional consideration
of up to £2m payable over two years post
completion. The acquisition is expected to
be earnings enhancing in its fi rst full year
of ownership.
Your key to
airfreight markets –
local and
international.
business, with the principal aim of operating the
airline’s freighters; it will also be selling belly capacity
as well as control cargo terminals and international
logistics operations.
The move echoes that of Air China which, in 2018,
decided to sell a 51% stake in its cargo business and
China Eastern, which in 2017 sold off a 50% share in
Eastern Air Logistics.
Cargo facility in Warsaw opens
a footprint of some 2,900 square
metres. Its comprehensive scope
means that it has facilities for
animal traffi c as well as high value
pharmaceuticals and dangerous goods
shipments.
ONE
Welcome Airport Services has opened
a new cargo handling facility at
Warsaw’s Chopin airport.
Cargo handling commenced in
early January and the warehouse,
located close to the airport, boasts
Air Cargo India Booth C149 // BOM 25th-27th February 2020
WORLD
ONE GLOBAL
AIRCARGO
GSSA
www.atc-aviation.com
www.airlogisticsinternational.com February 2020 7
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