Swissport to acquire majority stake in AFS Aviation Fuel Services GmbH

Swissport International, the world's leading provider of ground and cargo handling services, today announced that it has signed an agreement with Air BP regarding the acquisition of Air BP’s share in AFS Aviation Fuel Services GmbH (AFS). This means that Swissport is taking over Air BP’s 50% stake in AFC (the holding company of AFS) and its 33.3% direct stake in AFS, as well as all AFC and AFS subsidiaries/associates. AFS is the largest provider of into-plane-fuelling services in Germany with operations at 10 German as well as 2 Austrian airports. The acquisition is subject to approval by German and Austrian competition authorities. Upon competition clearance Swissport will own a majority stake of 66.6% (through direct and indirect shareholding) of AFS and assume operational and financial control of the business in close cooperation with the co-shareholder DLH Fuel Company mbH, a 100% subsidiary of Deutsche Lufthansa AG.

[more]

Swissport International expands presence of its Air Cargo Services in Austria

Swissport International, the world’s leading provider of ground and air cargo services to the aviation industry, and Flughafen Graz Betriebs GmbH, have signed a Letter of Intent to form a joint venture with the aim of providing air cargo services at Graz Airport. The start of the operations of the joint venture Swissport Cargo Services Graz is planned for the beginning of 2016.

[more]