Thomas Neff will leave Swissport at the end of February 2003 to take up a new position in the executive management of a Swiss public transport company.
Swissport Cargo Services is to acquire the cargo handling activities of CS-Lux from a group of local investors. The transaction, which sees the acquisition of a 100% holding in the Luxembourg-based handler with retroactive effect to October 1, 2002, makes Swissport Cargo Services a direct competitor of Luxair, which has so far enjoyed a virtual monopoly of such airfreight handling activities.
Urs Sieber to become CEO of Swissport Zurich on September 1st, 2002 and assume overall responsibility for a new Swissport Switzerland Division.
Swiss will refrain from developing its own passenger services in Zurich, Basel and Geneva until further notice.
Swissport International is to acquire all the activities of Cargo Service Center B.V. at 61 stations in 15 countries from German-based D. Logistics AG. The acquisition puts Swissport at the forefront of the global ground handling industry.
The executive management of Swissport International was further strengthened on August 1st, 2002. Dr. Ludwig H. Bertsch joins the management team as EVP Corporate Services.
Swissport has acquired various passenger and cargo handling activities in Germany from the Menzies Aviation Group, further consolidating its already-strong position in the German ground services market. Swissport is also about to extend into other important airport business services, to offer those increasingly important services on a global scale.
Swissport International Ltd. completed the transaction to sell 100% of the equity of its Puerto Rican subsidiary. The transaction will become effective June 30.
Hardly a day goes by when the ground handling sector isn't asked to do the impossible: provide the same reliable quality product, but preferably do so at a lower cost. Swissport has an attractive solution to offer.
Swissport is to acquire various passenger and cargo handling activities in Germany from the Menzies Aviation Group, further consolidating its already-strong position in the German ground services market. Swissport is also about to establish a new company in airport security and documents control, to offer these increasingly important services on a global scale.