Air France-KLM and Airbus announced that the two entities have entered into exclusive negotiations to establish a joint venture for the provision on a worldwide basis of Airbus A350 component maintenance services (supply chain management, repairs, creation of a worldwide pool of aircraft components). The envisaged cooperation would “take the form of a 50-50 joint venture between Air France and …
NAHCO Consolidates Position With New Contracts, Renewals
Nigeria’s foremost ground handling and aviation logistics services provider, NAHCO Plc, continues its dominance of the sector as it announces a string of new businesses and renewals. Stemming from its satisfactory services over the years, Virgin Atlantic and Delta Airlines have renewed their Lagos contracts with NAHCO Plc. while Air France/Royal Dutch pitched tents with the Company for its operations …
Combined Market Cap of World’s Largest Airlines Plunges by $12B as COVID-19 Cases Climb
Airline companies are still far from pre-pandemic profit and sales as some of their businesses, like business travel, are not even comparable to normal levels. However, the growing number of COVID-19 cases, fears of new travel restrictions due to Delta variant and concerns about the economic recovery caused a new hit to airlines stocks. According to data presented by BuyShares.co.uk, …
NAS, Colossal Africa To Acquire South Africa’s Largest Ground Handler – BidAir Services
The National Aviation Services (NAS), Colossal Africa, and a consortium comprised of the current executive management team have signed an agreement to acquire BidAir Services from the Bidvest Group. According to NAS, the closing of the acquisition is subject to fulfilling final requirements from the Airports Company of South Africa (ACSA) that manages South African airports as well as …




