Eric Born has informed the board of directors of his decision to step down as the Group President & CEO of Swissport International AG at the end of December 2018. Mr. Born has been serving as the President & CEO of the world leader in ground and air cargo handling since August 2015. During his tenure, Swissport further extended its global leadership and saw its profitability strengthened.
Swissport International AG, the global leader in airport ground services and air cargo handling, signs letters of intent with two start-up companies “Winding Tree” and “Olam” to explore potential of blockchain technology.
Swissport receives a further USD 100 million (approximately EUR 83 million) repayment on its affiliate loan to HNA Group and agrees to a temporary remedies standstill period. Swissport will use funds from the repayment to prepay a portion of its own, existing term-loans, reducing its net debt position and significantly improving its leverage ratio.
Continued growth at Switzerland`s most advanced cargo warehouse at Basel EuroAirport – Planned expansion of cargo capacities also in Frankfurt
Swissport International Ltd. signed a long-term lease agreement with airport operator Fraport AG for a new air cargo warehouse at Frankfurt Airport’s CargoCity South. At around 16.000 square metres of surface the new cargo facility will be the third largest in Swissport’s global network of 133 air cargo warehouses. Construction is due to start in 2019, with the facility handed over to Swissport in 2020.