Dnata in advanced talks with companies in Europe and Americas
- Firms international operations to account for 70 per cent of total revenues in fiscal year 2016
- Two international acquisitions were completed in the first half of 2015
The company is also understood to be looking at options in the Far East, according to local media reports quoting Dnata president Gary Chapman.
This development comes on the heels of the companys acquisition of the cargo handling division of Aviapartner at Amsterdam Airport Schiphol in late July and UK-based Imagine Cruising, a cruise travel agency, in early 2015.
Chapman told local media that the company is very close to completing the acquisition of at least one European airport operations unit and in advanced stages of acquiring several cargo handling units in the Americas.
According to Chapman, international operations are likely to contribute 70 per cent of the compnays total revenues by the end of the current financial year, which ends 31 March 2016.
This would be an increase of 10 percentage points compared with the previous fiscal year, and 50 percentage points from 2015.
In March, the company reported revenues of $2.8bn and a profit of $245m for the preceding 12 months.
Dnatas current portfolio includes ground handling, cargo, travel and flight catering services.
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