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Dubai Inc continues rapid offshore expansion

27-Jul-2007

Emirates Group subsidiary, Dnata, has formed another offshore

JV - the second this month - in another step in Dubai Inc's global expansion.

This week Dnata signed a JV agreement with China West Airport Group (CWAG) to

provide airport ground handling services at Xi'an Xianyang International Airport. 

Under the 15-year agreement, Dnata will hold a 45% stake in Xi'an Dnata Aviation

Services Company Limited, with the remaining 55% owned by CWAG. The JV follows

a partnership signed earlier this month with Australian company, Toll Holdings,

under which Dnata has taken a 50% stake Toll Air Services to provide ground

handling services at Australian airports. [307 words]

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