Aviapartner Acquires Major Cargo-Handler

Brussels/Amsterdam, 7 March 2007 - Aviapartner and VCK Holding announce that Aviapartner is close to a takeover of VCK Holding’s shares in its cargo-handling subsidiary Aero Groundservices BV.


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About VCK Holding

VCK Holding heads a group of Dutch companies with activities in logistics and travel. Its company VCK Logistics is a leading logistics services provider and offers a full range of high quality services, including stevedoring, warehousing, customs formalities and cruise terminal operations. The company also acts as an air and ocean forwarder and provides tailor-made trucking services throughout Europe. Furthermore VCK Logistics offers agency services for all types of vessels and represents liner agencies specialised in short sea transportation between Scandinavia, Finland, the UK and the Netherlands.

In travel, the group holds a strong position in the Dutch market for business and marine travel. With 6 offices in the Netherlands and as partner in an international network, its company VCK Travel provides a complete package of travel services to national and multinational companies and institutions. In the consumer travel market the group offers holiday packages to consumers through travel agencies and via the internet with brand names such as Evenements Reizen, Vaya.nl and D-Tours Vliegreizen.

 

About Aero Groundservices

Aero Groundservices is a complete one-stop-shop for cargo handling, offering full services for freighters. The main cargo handling activities can be separated into ramp handling, import handling and export handling. The ramp department performs loading and unloading of full freighters, transport of cargo of passenger aircraft and full freighters from and to the warehouse. The import department is focussed on a fast release of cargo, within the service level agreements of the customer. The export department handles all incoming cargo and performs the build-up and storage of cargo per individual client.

Aero Groundservices also owns a duty-free crew shop (“The Crew shop”) and a travel ticket office (“Holland Holding”).

The facilities of Aero Groundservices are located on the air side, which allows for fast handling of cargo from full freighters. The facilities are also located nearby the passenger terminals, for quick handling of cargo carried by passenger airplanes. The facilities are also close to the adjacent highways, which is very advantageous for forwarders and truckers.

Aero Groundservices has many of the major airlines in the cargo industry as client, among others (in alphabetical order) bmi, China Southern, Continental Airlines, El Al, Great Wall Airlines, Kalitta Air, Korean Air, LAN Cargo, MASkargo, Nippon Cargo Airlines, Olympic Airlines, Qatar Airways, SAS Cargo, Singapore Airlines Cargo, TAP Portugal, Turkish Airlines.

About Aviapartner

Aviapartner, whose origins date back to 1949, is the leading independent ground handler in Continental Europe, with headquarters in Brussels. Its main shareholder is 3i, a world leader in private equity and venture capital.

The Aviapartner group is articulated into 4 business units: cargo handling, ground handling, catering and technics. The company provides a wide range of services at 38 airports in 5 European countries: cargo and mail handling, ramp services, passenger and baggage handling, ticketing, aircraft servicing and maintenance, flight operations and crew administration, load control and communications, surface transport of passengers and crews, operation of airport lounges, catering services, security services and executive aviation services.

In 2006, it served 28 million passengers, provided ramp handling for some 226,000 aircraft and handled 980,000 tons of cargo. Aviapartner generated a turnover of 280.5 million € in 2006 and employs more than 5,260 staff.

Aviapartner’s portfolio includes (in alphabetical order): Aeroflot, Air France, Alitalia, bmi, British Airways, Cargolux, Cathay Pacific, Continental Airlines, CSA Czech Airlines, Delta Airlines, easyJet, El Al, Eva Air, Finnair, Hainan Airlines, Iberia, KLM, Lufthansa, Nippon Cargo Airlines, SAS, Saudi Arabian Airlines, Singapore Airlines, Swiss, Thomas Cook.

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