newstodate.aero
Nov 3, 2006 (newstodate): Danish-owned cargo GSA, Weco AirCargo is up for sale provided the perfect match is secured.
-Weco AirCargo is part of the Weco Transport that is also a strong provider of travel agency services in Scandinavia, Central and Eastern Europe, says Axel Chr Rasmussen, Weco Group CEO and co-owner.
-We are constantly monitoring the market to optimise return on our investments by focusing on the business segments that add most value to our money.
-Weco AirCargo is a succesful business that contributes positively to corporate results, but if a serious buyer that matches our concept invites to negotiations we are quite willing to consider a sale.
-Over time several alternatives have presented themselves, also including Air Logistics, but so far no final decision has been reached.
-Last year, Weco AirCargo divested itself of its subsidiaries in Budapest, Prague and Warsaw, selling the activities to SkyXS and reciveing as part of the contract shares and a seat on the board of SkyXS, says Mr Rasmussen.
Weco AirCargo has offices in all four Nordic markets.
GSA representations are split into two separate entities: Weco AirCargo 1 serving Cargolux, Austrian Cargo, Qantas and Africawest, and Weco AirCargo 2 serving FedEx, Korean Air Cargo, Icelandair Cargo, LTU Leisure Cargo, Cyprus Airways and the Israeli carrier C.A.L
-Weco AirCargo is part of the Weco Transport that is also a strong provider of travel agency services in Scandinavia, Central and Eastern Europe, says Axel Chr Rasmussen, Weco Group CEO and co-owner.
-We are constantly monitoring the market to optimise return on our investments by focusing on the business segments that add most value to our money.
-Weco AirCargo is a succesful business that contributes positively to corporate results, but if a serious buyer that matches our concept invites to negotiations we are quite willing to consider a sale.
-Over time several alternatives have presented themselves, also including Air Logistics, but so far no final decision has been reached.
-Last year, Weco AirCargo divested itself of its subsidiaries in Budapest, Prague and Warsaw, selling the activities to SkyXS and reciveing as part of the contract shares and a seat on the board of SkyXS, says Mr Rasmussen.
Weco AirCargo has offices in all four Nordic markets.
GSA representations are split into two separate entities: Weco AirCargo 1 serving Cargolux, Austrian Cargo, Qantas and Africawest, and Weco AirCargo 2 serving FedEx, Korean Air Cargo, Icelandair Cargo, LTU Leisure Cargo, Cyprus Airways and the Israeli carrier C.A.L