Brookfield Asset Management is negotiating to acquire World Freight Company from private equity owners EQT and PAI Partners for approximately $1.3bn, according to Bloomberg sources. The sellers seek $1.2bn to $1.3bn for the business, and Brookfield has initiated lender discussions for potential financing. No transaction certainty exists yet, though talks are ongoing.

World Freight, founded in 2004, operates air cargo agencies across 80 countries, managing over three million tonnes of capacity annually for airline partners. PAI Partners and Baring Private Equity Asia acquired the company in 2018; owners paused a 2021 sale due to Ukraine war volatility.