Swissport extends 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.
Swissport International AG, the global leader of airport ground services and cargo handling for the aviation industry, is counting on further growth in Germany. The acquisition of cargo handler Apron GmbH makes Stuttgart the second largest cargo hub of Swissport in Germany, only topped by the Swiss company’s Frankfurt facility.
In the first half of 2018, Swissport International AG served 132 million passengers on behalf of its airline clients (up 10.0% on the first half of 2017). Cargo volumes increased to 2.3 million tons (up 5.0%). Revenue for the first six months climbed to EUR 1.43 billion (up 4.1%). EBITDA reached EUR 116.3 million (up 35.5%).
Swissport has been appointed ground handler for Air New Zealand in Melbourne, Sydney, Brisbane and Perth, following a competitive tender focused on safety, service and operational performance.
HNA Group and Eric Born announced today that they have agreed to extend Eric Born’s contract as President and CEO of Swissport International AG to December 31, 2019.