Two announcements this week show the growing importance of air freight to Australian road transport businesses. K&S are taking to the air and the Brisbane West airport at Wellcamp is to send local produce to Hong Kong.
Taking the comnpany in a new direction, K&S have announced the acquisition of a business in the aviation sector. The purchase of the Albury-based Aerorefuellers operation was announced to the ASX this week.
“The acquisition of Aerorefuellers presents an exciting opportunity for K&S to expand its current transport operations into the aviation sector,” said Paul Sarant K&S Managing Director. “Aerorefuellers is an excellent bolt-on acquisition. We will look to capitalise upon the growth opportunities available to Aerorefuellers.”
The Aerofuellers air freight service was established more than 15 years ago and supplies, manages and operates refuelling airfields in regional New South Wales and Victoria. It also supports aerial fire fighting services in South Australia, NSW and Victoria.
In the statement to the ASX K&S said the company’s founders, Andrew and Amanda Heath, would stay with the business.
Wellcamp Airport at Toowoomba is aiming to become an air freight hub and has seen its first victory with Cathay Pacific announcing an air freight service transporting local produce to Hong Kong.
The airport, still not one year old, is developing a network to enable the producers of the Darling Downs to get their produce to global customers quickly and efficiently.
“The China-Australia Free Trade Agreement is likely to come into force by the end of the year,” said John Wagner, Airport developer Wagners Global Chairman. “We are on the cusp of a massive export opportunity that will give local producers access to markets that feed half of the world’s population and this flight is the first step towards achieving this long-term goal. We are thrilled Cathay Pacific Airways, one of the world’s leading airlines, is focusing on our region.”