Worldwide Flight Services
About Worldwide Flight Services
Worldwide Flight Services is a company founded in 1971 was acquired by SATS in September 2022. It operates as a Managed Services. The company has 570 employees as of March 29, 2024. Worldwide Flight Services has completed 2 acquisitions, including Consolidated Aviation Services and Pinnacle Logistics. Worldwide Flight Services offers products and services including Air Cargo Handling, Ground Handling, and Express & E-commerce.
- Employees 570 as on 29 Mar, 2024
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sats Ltd.
- Date of Incorporation 25 Jul, 2022
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$12.02 K (USD)0as on Mar 31, 2023
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Net Profit
$-680.05 K (USD)0as on Mar 31, 2023
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EBITDA
$-566.31 K (USD)0as on Mar 31, 2023
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Latest Funding Round
$90.67 K (USD), Grant
May 01, 2017
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Investors
SATS
& 4 more
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Employee Count
570
as on Mar 29, 2024
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Investments & Acquisitions
Consolidated Aviation Services
& 1 more
- Acquired by
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Products & Services of Worldwide Flight Services
Worldwide Flight Services offers a comprehensive portfolio of products and services, including Air Cargo Handling, Ground Handling, and Express & E-commerce. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Air cargo handling services are provided for global clients.
Ground handling services are offered for airline operations.
Express and e-commerce logistics solutions are efficiently managed.
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Software Development Team
26 people
Leadership Team
23 people
Human Resources and Administration
22 people
Sales and Marketing
9 people
General Team
8 people
Operations Team
5 people
Regional Team
5 people
Cargo Team
4 people
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Funding Insights of Worldwide Flight Services
- Total Funding Total Funding
- Total Rounds 2
- Last Round Grant — $90,668
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First Round
First Round
(05 Jan 2017)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2017 | Amount | Grant - Worldwide Flight Services | Valuation |
investors |
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| Jan, 2017 | Amount | Grant - Worldwide Flight Services | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Worldwide Flight Services
Worldwide Flight Services has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include SATS, European Union and Platinum Equity. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Platinum Equity is engaged in private equity and credit investments.
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Founded Year | Domain | Location | |
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Private equity and debt firm focused on multiple sectors
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Founded Year | Domain | Location | |
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Private equity investments are made in France and the US.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Worldwide Flight Services
Worldwide Flight Services has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Consolidated Aviation Services and Pinnacle Logistics. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Road, air freight forwarding, and logistics services are provided.
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2008 | ||||
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Limited information available
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1998 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Worldwide Flight Services
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Worldwide Flight Services Comparisons
Competitors of Worldwide Flight Services
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Worldwide Flight Services
Frequently Asked Questions about Worldwide Flight Services
When was Worldwide Flight Services founded?
Worldwide Flight Services was founded in 1971 and raised its 1st funding round 46 years after it was founded.
Who is the current CEO of Worldwide Flight Services?
Craig Smyth is the current CEO of Worldwide Flight Services.
How many employees does Worldwide Flight Services have?
As of Mar 29, 2024, the latest employee count at Worldwide Flight Services is 570.
What is the annual revenue of Worldwide Flight Services?
Annual revenue of Worldwide Flight Services is $12.02K as on Mar 31, 2023.
What does Worldwide Flight Services do?
Worldwide Flight Services, a member of the SATS Group, is recognized as a global leader in air cargo logistics and ground handling. Services are provided across air cargo handling, trucking, express and e-commerce solutions, as well as specialist ground handling for ramp, passenger, and baggage operations. The company operates in over 215 locations worldwide, ensuring comprehensive coverage in the aviation and logistics sectors. Safety and security are prioritized, alongside operational excellence and ESG commitments.
What products or services does Worldwide Flight Services offer?
Worldwide Flight Services offers Air Cargo Handling, Ground Handling, and Express & E-commerce.
How many acquisitions has Worldwide Flight Services made?
Worldwide Flight Services has made 2 acquisitions, including Consolidated Aviation Services, and Pinnacle Logistics.
Who are Worldwide Flight Services's investors?
Worldwide Flight Services has 5 investors. Key investors include SATS, European Union, Platinum Equity, Cerberus Capital Management, and LBO France.