Imperial Air Cargo – ‘Make us an offer’

IF IT gets the right offer, the giant Imperial Holdings group will sell its domestic and regional air cargo carrier, Imperial Air Cargo (IAC). This was part of a decision made earlier this month when Imperial announced that it intended to dispose of what it termed “non-core assets” in its tourism operation and most of its aviation business. In an exclusive interview with FTW, CE Hubert Brody said that IAC – which has acquired a meaningful share of the domestic and regional airfreight market – fitted nicely into place in the group’s various operations in the local transport market. “We think it’s a very valuable business,” he added. But Imperial will bite if the right bait is dangled in front of it. “We’ll see what offers there are,” said Brody. “And, if one of them is attractive enough, then we’ll sell IAC.” But it’s certainly not an urgent fire sale by any means. “If we don’t get the right price, then we don’t mind holding on to it,” Brody added, “because it augments what is happening in our road transport division.”