Air service provider dnata has reached an agreement with Canada’s GTA Aviation to purchase a 50% stake in its cargo and ground handling operations at Toronto Pearson International Airport.
The company says this investment marks its first step into the Canadian market and describes it as a significant development in its expansion into the Americas. The move comes less than a year after announcing investments in the USA and Brazil.
GTA’s airport handling operations were launched by Mario D’Urso in 2014, who will continue as a joint partner. The company has 130 employees, serving over 1,400 flights annually. It handles over 58,000 tonnes of cargo each year at its state of the art 83,000sq ft (7,711m²) warehouse facility at Toronto Pearson.
GTA has handling contracts with several important airline customers including Lufthansa, Austrian Airlines, Brussels Airlines, Cargojet, China Southern Airlines, Emirates, Ethiopian Airlines, Fly Jamaica, Korean Air, SWISS and WestJet.
This transaction does not include GTA’s other businesses including GSE sales and maintenance, which will continue to be owned and managed by Mario, Angelo and Domenic D’Urso.
The Mississauga-based company’s cargo and ground handling operations will be rebranded to “GTA dnata”. The current CEO, Gary Ogden, will continue to manage the business and operations. All current management and employees will also remain with the company.