GF-X portal scouting for investment
London-based air cargo reservations electronic portal Global Freight Exchange has appointed investment bank Europa Partners Ltd. to help explore strategic cooperation and funding options.
Twenty-six carrier organizations representing 59 airlines and 33 regional and global forwarders have signed up to the GF-X system. The company said that in 2005 it handled electronic air cargo bookings worth an estimated $1.25 billion.
“With this critical mass and in response to customer demand, management is now looking to accelerate the development of electronic bookings and broaden the product and service offering,” GF-X said in a statement.
“We have reached a key milestone in the development of GF-X and we would like to use this opportunity to take GF-X to the next level,” said Demetrios Zoppos, GF-X’s managing director.