Dubai Inc continues rapid offshore expansion
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]