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Brookfield has agreed to acquire World Freight Company (WFC), an air cargo general sales and service agent group, from PAI Partners and BPEA Private Equity Fund VI. The deal is expected to close by the end of 2026, pending standard conditions. Reuters reported that EQT and PAI looked into selling WFC in 2021, aiming for a valuation of over €1.5 billion ($1.73 billion) at that time. In contrast, the current agreement with Brookfield values the company at around $1.2 billion.
WFC was founded in Paris in 2004 and offers outsourced cargo sales and management services for airlines. The company represents more than 300 airlines across 3,500 trade lanes and collaborates with over 16,000 freight forwarders in more than 80 countries. Its activities include cargo sales, booking management, shipment coordination, and handling oversight.
Following the partnership with WFC, PAI and EQT have supported the transformation into a scaled global platform through organic growth initiatives, strategic acquisitions and continued investment in technology and digital capabilities. In this time, WFC has broadened its international presence, deepened its operational capabilities and expanded its service offering to customers and airline partners worldwide, and today plays a mission-critical role in optimising efficiency and commercial outcomes across increasingly complex supply chains. The company is managed by a senior management team with a proven track record of execution and growth. Guillaume Leblanc, Partner at PAI Partners, commented: “We are pleased to have worked with WFC, its management team and EQT during such a transformational phase for the company. Over the period of our investment, WFC has made 20 acquisitions and has transformed into a truly scaled global platform.
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DHL Express has teamed up with SAF One, a Dubai-based developer of sustainable aviation fuel, to sign a groundbreaking long-term agreement. This partnership will bring the first sustainable aviation fuel production facility to the Middle East, which will be integrated into DHL’s global network of sustainable fuels. As part of this deal, DHL Express will secure an impressive 25,000 metric tonnes of unblended sustainable aviation fuel each year for the next decade, amounting to a total of 250,000 metric tonnes starting from when production kicks off in 2028. The sustainable aviation fuel will be produced at SAF One’s state-of-the-art facility in Bahrain, utilizing renewable feedstocks and cutting-edge refining technologies. This fuel is anticipated to significantly reduce lifecycle CO2e emissions across DHL’s air operations, both regionally and internationally. This agreement is a significant milestone in DHL Express’s larger decarbonization strategy, aligning with its goal to boost the use of sustainable aviation fuel to 30 percent by 2030. It also offers long-term market stability for SAF One and helps to speed up the development of clean energy infrastructure throughout the Middle East. "We are proud to see the Middle East playing a central role in the global shift toward emission-reduced aviation," said Abdulaziz Busbate, CEO DHL Express MENA. "Partnering with SAF One allows us to accelerate regional decarbonization, strengthen local innovation ecosystems, and offer our customers credible and transparent emission reduced shipping solutions. This agreement symbolizes our long-standing commitment to Bahrain and across the region." "By integrating the first SAF plant in the Middle East into our global supply chain, we are taking another major step toward making sustainable aviation the new normal," Travis Cobb, EVP Global Network Operations & Aviation at DHL Express, added. "This agreement not only expands our SAF footprint geographically but also strengthens our resilience by diversifying our sourcing. Collaborating with SAF One demonstrates how regional innovation can deliver global climate impact." "We are grateful to DHL Express for entering into this offtake agreement with us, which is an important step toward bringing a landmark sustainable aviation fuel facility to the Middle East." said Deepak Munganahalli, Co-Founder & CEO, SAF One. "We would also like to thank all stakeholders in Bahrain who actively supported this project, including BAPCO Energies and the Bahrain Economic Development Board." Through DHL’s GoGreen Plus program, the sustainable aviation fuel will be distributed globally using a verified “book and claim” model, allowing customers to cut down on Scope 3 emissions even on routes that aren’t directly powered by sustainable fuel. DHL emphasized that this initiative is part of its ongoing strategy to collaborate closely with leading sustainable aviation fuel producers around the world, ensuring reliable long-term access to these fuels and assisting customers in reaching their climate goals. For more such news and updates, visit: CARGOCONNECT.
Afcom Holdings Limited has entered into a strategic partnership with Air India SATS Airport Services Pvt Ltd and Noida International Airport to enhance cargo connectivity and develop integrated freight operations in Jewar. The tripartite collaboration is expected to accelerate the emergence of Noida International Airport (NIA) as a major logistics and cargo hub for North India. Under the agreement, Afcom will base its freighter aircraft at the airport and operate dedicated cargo services connecting key international markets. The partnership comes at a time when India is witnessing rapid growth in air freight demand, driven by e-commerce expansion, electronics manufacturing, pharmaceuticals, and export-oriented industries. Industry experts believe the strategic location of NIA, combined with multimodal connectivity infrastructure, positions the airport to become a crucial gateway for international trade and time-sensitive cargo movement. Afcom currently operates a fleet of Boeing 737-800 freighters serving destinations across Asia and the Middle East, including Bangkok, Yangon, Hanoi, Colombo, Malé, and Dubai. Through the collaboration, the airline aims to expand its cargo network while leveraging the airport’s developing logistics ecosystem. As part of the agreement, the three partners will jointly identify high-potential international routes, assess cargo demand patterns, and create a long-term network development strategy. The alliance will also focus on aligning operational and infrastructure requirements to ensure efficient cargo handling and sustainable growth. AISATS, one of India’s leading airport services and cargo handling companies, has been actively strengthening its footprint at Noida International Airport. Earlier this year, the company announced large-scale investments in cargo and logistics infrastructure at Jewar, including an integrated cargo terminal with advanced handling systems and scalable capacity for future growth. The airport’s integrated cargo terminal is expected to play a pivotal role in supporting exporters from northern India, especially from manufacturing clusters in Uttar Pradesh, Delhi-NCR, and adjoining states. With industries increasingly seeking faster and cost-efficient logistics solutions, dedicated freighter operations from NIA could reduce dependency on existing congested metro airports. The collaboration also aligns with broader government efforts to position Uttar Pradesh as a logistics and manufacturing powerhouse. Noida International Airport is scheduled to commence commercial operations from June 15, 2026, opening new opportunities for passenger airlines, cargo operators, and supply chain stakeholders. For the Indian air cargo sector, the Afcom-AISATS partnership represents more than a routine commercial agreement. It signals growing confidence in emerging airport infrastructure and highlights the increasing importance of integrated logistics networks in supporting India’s trade ambitions and supply chain resilience. 𝐒𝐭𝐚𝐲 𝐓𝐮𝐧𝐞𝐝 𝐭𝐨 https://cargoconnect.co.in/ 𝐟𝐨𝐫 𝐥𝐚𝐭𝐞𝐬𝐭 𝐮𝐩𝐝𝐚𝐭𝐞𝐬!
DP World has secured International Air Transport Association (IATA) certification for its freight forwarding operations in Panama, strengthening its position in the regional air cargo and multimodal logistics market. The certification is expected to enhance the company’s ability to deliver secure, compliant and efficient air freight services across the Americas. The accreditation confirms that DP World’s Panama-based operations meet IATA’s global standards for the handling and transportation of air cargo. The move enables the company to integrate air freight more closely with its existing ocean, inland transport and warehousing services, creating end-to-end supply chain solutions for customers operating across regional and international trade corridors. Panama remains one of Latin America’s most strategic logistics gateways due to its geographic location and connectivity between North and South America. Industry observers believe the latest certification will reinforce DP World’s role in supporting time-sensitive cargo, e-commerce logistics and multimodal freight movements in the region. The certification follows DP World’s continued investments in logistics infrastructure in Panama, including the recent launch of a customs-bonded warehouse aimed at improving cargo consolidation, storage and distribution capabilities. The company had also secured IATA certification for its Brazil air freight business in 2025 as part of its wider strategy to build an integrated logistics network across Latin America. According to DP World, the certification process involved a detailed assessment of operational procedures, infrastructure, safety controls, compliance systems and cargo traceability standards. The company also demonstrated adherence to major international air cargo regulations, including IATA’s Dangerous Goods Regulations and “Ready for Carriage” requirements. Manuel Martínez, CEO of DP World in the Dominican Republic, said the certification reflects the company’s focus on building a “reliable, standardized and highly competitive logistics platform across the Americas.” He added that aligning with IATA standards would strengthen DP World’s ability to support customers with secure and efficient air cargo solutions integrated with its broader port and logistics ecosystem. 𝐕𝐢𝐬𝐢𝐭 𝐨𝐮𝐫 𝐰𝐞𝐛𝐬𝐢𝐭𝐞: https://cargoconnect.co.in/ for latest news!
