newstodate.aero
Jul 6, 2006 (newstodate): GF-X need fresh capital to drive a new phase of growth.
The company has announced that it is exploring strategic cooperation and funding options, appointing Europa Partners Limited, a London-based investment bank, as advisors. A range of options involving both existing and new investors is under review.
During 2005, GF-X handled electronic air cargo bookings representing over a million Master Air Waybills and an estimated USD1.25 billion in freight forwarders' air cargo spend, thereby passing a key threshold in its development.
Despite having attained this critical mass, the capital needs for further investments cannot obviously be met by the company's own efforts.
The company has announced that it is exploring strategic cooperation and funding options, appointing Europa Partners Limited, a London-based investment bank, as advisors. A range of options involving both existing and new investors is under review.
During 2005, GF-X handled electronic air cargo bookings representing over a million Master Air Waybills and an estimated USD1.25 billion in freight forwarders' air cargo spend, thereby passing a key threshold in its development.
Despite having attained this critical mass, the capital needs for further investments cannot obviously be met by the company's own efforts.