DAMG Worldwide Opens London Office.NEW YORK--(BUSINESS WIRE)--July 22, 1999-- Diversified Asset Management Group Worldwide (DAMG Worldwide) announced today that it has opened an office in London. DAMG Europe, Ltd., the first international office of DAMG Worldwide, will serve as the European headquarters for the company. Roberto Castagnola will serve as managing director for the London office. Castagnola has been a senior manager in the transportation industry for the last 25 years. "We are excited with the London office opening and establishing a beachhead beach·head n. 1. A position on an enemy shoreline captured by troops in advance of an invading force. 2. A first achievement that opens the way for further developments; a foothold: for our operations in Europe," said Joseph A. Piscitell, president and chief executive officer of DAMG Worldwide. "We view London as a gateway to the rest of the continent and see many promising opportunities for DAMG's future overseas. We are delighted that Castagnola is joining our organization. His experience will assist us in our drive for international growth." The opening of the London office comes less than two months after DAMG Worldwide announced it had formed a strategic alliance with Speedwing, a division of British Airways British Airways in full British Airways PLC International passenger airline based in London. In 1936 British Airways Ltd. was founded through the merger of three smaller airlines. . The alliance calls for Speedwing to provide operational, marketing and consulting services to DAMG Worldwide, as well as to manage the airport operations globally. DAMG Worldwide is a New York-based leading financier and owner of aviation assets worldwide with a concentration on air cargo air cargo: see aviation. facilities and is also one of only two preliminarily-approved applicants in the Federal Aviation Administration's Airport Pilot Privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned Program. DAMG Worldwide operates three separate businesses, DAMG Infrastructure Group, DAMG Realty Group and DAMG Ventures. DAMG Worldwide, through its subsidiary in its Infrastructure Group, Aviation Development Services, is the financier of the $1 billion San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. Air Commerce Center at Brown Field ("SANDACC"), a state-of-the-art commerce center and the largest air cargo privatization project in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . In addition, DAMG Worldwide is the financier of the WorldPort at DIA project, a $200 million public/private air cargo development and commercial complex at the new Denver International Airport This article is about Denver International Airport. For other uses, see KDEN (disambiguation). Denver International Airport (IATA: DEN, ICAO: KDEN, FAA LID: DEN), often called DIA . |
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