Air Business takes over the contract for the next 12 months from the incumbent DHL.
FIPP president and chief executive Chris Llewellyn said he was "thrilled" with the strategic partnership.
"We are looking forward to working together to distribute Magazine World to our BPA-audited worldwide subscriber base," he added.
Adam Sherman, group managing director of Air Business added: "It will give Air Business the chance to talk with customers both in the UK and worldwide about using Air Business Ltd as the preferred point to handle the mail and fulfilment of their products."
Earlier this year magazine printer Pensord signed a two-year deal to sponsor Magazine World, the quarterly International Federations of the Periodical Press (FIPP) title.
The sponsorship of the 7,300-circulation title cements a long-term relationship between FIPP and the Wales-based printer.
FIPP signs strategic partnership deal with Air Business
The Federations of the Periodical Press (FIPP) has appointed Air Business as its new strategic partner to distribute its flagship title, Magazine World, to 90 countries.