Lufthansa, the German airline, has agreed to sell its ground handling subsidiary GlobeGround to Penauille Polyservices, the French business services group. The deal will create the world’s biggest provider of ground handling services operating at 199 airports in 39 countries with a workforce of more than 30,000.
Read MoreHays DX files complaint against Belgian PO
Read MoreConsignia has expanded its presence in the Danish distribution market by acquiring a majority share holding in Stafetten, an express courier company providing specialised delivery services to Danish business customers, it was announced today.
Read MoreAir France said net profit rose 19% in its latest fiscal year to a record €421 million ($360 million). The company said that strong sales growth helped offset a rise in fuel prices and the cost of integrating regional carriers. Revenue rose 19% to $10.5 billion. For the fiscal year ended March 31, 2001, operating profit rose 23% to $378.5 million. That matched analysts’ expectations
Read MoreLufthansa AG and Deutsche Post AG, Germany’s state-controlled postal service, have formed a joint venture for online purchasing. The venture, called Trimondo GmbH, will create an Internet marketing Web site to obtain supplies in Europe. More than 100 companies will use the site to market over 2 million items, ranging from tools to computer accessories, according to a Bloomberg report.
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