Swissport recently agreed to increase its shareholding in Heathrow Cargo Handling Ltd. (HCH) to 100 percent from 50 percent, which it held in a joint venture.
Swissport continues the temporary remedies standstill regarding the collection of the unpaid balance of its Affiliate Loan to HNA Group while HNA concludes its assessment of strategic options for Swissport. The remedies standstill was originally agreed in May 2018 and continued in October 2018.
Checkport, a subsidiary of Swissport International Ltd, is the first and only Swiss company having obtained the IATA certification "Independent ACC3 EU Validator" and may from now on carry out third country validations for air carriers.
Swissport is further expanding its business in the Middle East with new contracts from the Dutch airline KLM and the largest Indian carrier IndiGo. The Swiss aviation services company, global market leader of airport ground services and cargo handling, will provide KLM with ground handling services in Dammam. IndiGo will initially be handled by Swissport at Jeddah, followed by Dammam and Riyadh.
SalamAir of Oman has signed a five-year contract with Swissport for hub handling at Muscat International Airport. As of 1 January 2019, the Swiss Aviation Services company, global market leader of airport ground services and cargo handling, will provide the Omani carrier with a full range of services, from passenger services to ramp operations.