Swissport announced that the acquisition of Servisair from Derichebourg group has been completed today. On 2nd August Swissport announced that it had entered into a definitive agreement to acquire Servisair. Financial terms were not disclosed. All required regulatory approvals were obtained before closing.
Swissport International Ltd. (“Swissport”) and Scandinavian Airlines Systems (“SAS”) today announced they have signed an agreement by which Swissport acquires a 10% stake in each of SAS’ three ground handling companies. The acquisition which has insignificant impact on profitability and liquidity of the SAS Group is effective as of 1st November 2013.
Swissport International Ltd., largest provider of ground and cargo services to the aviation sector, announces that in yesterday´s court ruling (02 October) the Highest Economic Court in Kiev decided to cancel all decisions taken by the first two court instances and to redirect the case to the first instance for review. The legal basis on which UIA (Ukraine International Airlines) tried to justify its new full ownership in the ground handling entity was declared null and void. The court ruling creates a new starting point from which Swissport is expecting to get its majority ownership of the former "Swissport Ukraine" (now firming as "Interavia") and the respective shares back. Swissport is open for an amicable solution and looking forward to discuss further steps with the airlines´ representatives. Swissport also feels encouraged about this signal of the Ukraine, moving into the right direction and not only verbally distancing from unlawful behaviours.
Highest Economic Court decision still pending ● UIA diluted Swissport’s shares in the meantime ● Government remains silent on protection of foreign investment
Swissport International Ltd, leading provider of ground and cargo services to the aviation sector, is introducing Jean-Luc Payot as new CEO Swissport Geneva with effect 1st September 2013. Jean-Luc Payot will take over responsibility as CEO at Swissport in Geneva from Michel Glorieux, who will leave the company end of August to pursue new challenges outside the company.
Swissport International Ltd., leading provider of ground and cargo services to the aviation sector, today announced that Pieter Van den Nieuwenhuizen takes over responsibility as new CEO of Swissport Belgium N.V. with immediate effect. Pieter Van den Nieuwenhuizen succeeds Marcel Buelens, who had decided to step down from his position as CEO end of August to take up new challenges outside of Swissport.
Customers will benefit from the combined operational excellence and consistent service quality worldwide. Swissport and the French Derichebourg SA today announced they have signed a definitive agreement under which Swissport will acquire Servisair from the French Derichebourg SA. In this context Swissport has secured appropriate financing for the acquisition by issuing and successfully pricing a USD 390 Mio senior secured add-on note. By combining the two companies, the new group will enable Swissport to continue improving its worldwide service offering to customers. The acquisition has been unanimously approved by the boards of directors of both companies and is subject to merger clearance by the competent merger control authorities.
Aguila 3 S.A. (the “Company”) announced today the launch of a $390 million offering of its dollar-denominated 7⅞% Senior Secured Notes due 2018 (the “Notes”).
On July 19, 2013, Swissport France Holding SAS submitted an irrevocable binding offer to Derichebourg SA to acquire (the “Acquisition”) Servisair SAS (“Servisair”).
Derichebourg annonce aujourd’hui qu’il a accordé une période d’exclusivité à Swissport en vue de la cession de 100% de Servisair sur la base d’une offre irrevocable et engageante. Swissport et Derichebourg fourniront davantage d’information en temps voulu, une fois certaines conditions usuelles légales et réglementaires levées.