Air-cargo handler Worldwide Flight Services will acquire New York-based Consolidated Aviation Services for an undisclosed sum, subject to regulatory approval.

“The proposed acquisition will not only create a unique organization in the United States that combines the best of both companies, but will also reinforce WFS’ position as one of the world’s premier cargo handlers,” said Olivier Bijaoui, executive chairman, president and CEO of WFS. “I know Mike Duffy, president and CEO of CAS, and the CAS team well, have worked with many of them before, and have a great deal of respect for what they have accomplished. The success of CAS is a testament to the hard work of its employees, and the combination will create one of the most knowledgeable and experienced teams in this industry.”

CAS serves more than 250 airline customers and is one of the largest cargo handlers in the US.

WFS, which operates at more than 145 airports in more than 22 countries, recently completed its 51% acquisition of Fraport Cargo Services, the largest airline-independent cargo handler at Frankfurt Airport.