Latest news from Heavy Lift & Project Forwarding International Magazine

Air Charter Service Group, Hangar 8 merger talks end

March 13 - Merger talks between the Air Charter Service Group (ACS) and Oxford-based aircraft management company Hangar 8 have been terminated, ACS confirmed today..

In an offical statement, ACS noted that: "Whilst we believe that the merger of the two companies in the form of a reverse takeover would have been profitable for both parties in principle, after due diligence enquiries along with lengthy discussions, the Air Charter Service Group board did not feel that some aspects of the deal to merge with Hangar 8 as it stood were in the long-term interests of the company and its stakeholders. Unfortunately these issues could not be resolved and consequently discussions have ended."
Air Charter Service added that it will continue to look for new opportunities to expand its business in addition to its organic growth which includes the opening of a new office to open in Houston in May motivated by the increasing number of cargo and passenger clients in the region, especially companies involved in the oil and gas industry,

Chris Leach, founder and chairman of ACS, commented: "Our North American operations grew by 30 percent last year and, based on the increased demand we have seen from our customers around the Houston area, we wanted to better serve them with a more local presence.

Heading up the operation will be Dustin Roades, who is currently a department manager in the company's New York office and has been with ACS for almost five years.

Heavy Lift | News

Zeaborn forms JV with MPC thumbnail image

Zeaborn forms JV with MPC

September 18 - Zeaborn Group has formed a joint venture with MPC Capital Group to handle the chartering and commercial management of a fleet of more than 160 container and bulk carriers.
Views: 113
DHL strengthens network in Middle East and Africa thumbnail image

DHL strengthens network in Middle East and Africa

September 18 - DHL Industrial Projects is opening a centre of excellence (COE) in Dubai as well as offices in Egypt, Ethiopia, Kenya and Turkey to coordinate complex logistics projects in the Middle East and Africa.
Views: 121
ALE plans Swedish branch thumbnail image

ALE plans Swedish branch

September 18 - ALE will open an office in Sweden during the last quarter of 2019 as it looks to expand its operations in Scandinavia.
Views: 157
Ruud Gullit revealed as guest speaker at Heavy Lift Awards thumbnail image

Ruud Gullit revealed as guest speaker at Heavy Lift Awards

September 17 - HLPFI can exclusively reveal that Ruud Gullit - Ballon d'Or winner and former AC Milan, PSV, Chelsea, Feyenoord, and the Netherlands international football icon - will be kickstarting the inaugural Heavy Lift Awards 2019 ceremony.
Views: 361

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.