Berlin, 25 July 2019

Michael Knoth (46) will become the new Managing Director of Cologne-based airline WDL Aviation on 1 October 2019.

A qualified lawyer, tax consultant and auditor, Mr Knoth can look back on a long career in the aviation industry. In recent years, he has been Commercial Director at the airlines Eurowings and Germanwings, which are part of the Lufthansa Group. In addition, he was most recently CFO of Luftfahrtgesellschaft Walter (LGW), a regional airline recently acquired by the Zeitfracht Group.

Wolfram Simon-Schröter, CEO of the Zeitfracht Group: "We are delighted that Michael Knoth is strengthening our management team at Zeitfracht. With him, a proven and experienced manager will steer the fortunes of WDL Aviation. The company will benefit from his commercial expertise and his knowledge of the industry."

The Zeitfracht Group has grown strongly in recent years through acquisitions in the aviation sector. In addition to the Cologne-based charter airline WDL Aviation, the Berlin logistics company also took over LGW, which is based at Dortmund Airport.

About the ZEITFRACHT Group

The Zeitfracht Group is an owner-managed family business in its third generation with more than 3,000 employees and headquarters in Berlin. The company is primarily active in the three business areas of logistics, aviation and property.

About WDL Aviation

WDL Aviation was founded in 1974 and is based at Cologne/Bonn Airport. The company is a leading provider of aircraft leasing, commercial and private charter flights. WDL Aviation was acquired by the Zeitfracht Group in 2017 and is a member of the Federal Association of German Airlines (BDF) and IATA.