A portfolio of best-in-class GSSAs

WFC was formed in 2004 as an investor in best-in-class General Sales and Services Agencies (GSSAs) specializing in air cargo. The Group foresaw the trend toward exponential growth in passenger travel. Swelling order books for aircraft meant a proliferation in routes and a growing need among airlines for reliable partners beyond the key trade lanes to optimize their cargo penetration and revenues.

In 2004, the Group started building its European network and then, beginning 2007, substantially expanded into the United States. By 2010, the Group had established a solid presence in the Middle East and Asia.

The airline business is challenging as carriers face both capital and labor pressures on their balance sheet. WFC’s portfolio of GSSAs is well-positioned to support airline partners and help them optimize their cargo business revenues.