Swissport and Aviator signed binding agreement on merger remedies divestment

Swissport International (Swissport) and Aviator yesterday signed a binding
agreement regarding the divestment of four stations that were affected by the
merger remedies the EU Commission imposed on Swissport in order to get
merger clearance for Swissport’s acquisition of Servisair. The closing of the
divestment is subject to EU approval.

Yesterday, 10th April, Swissport and Aviator have signed a binding agreement regarding the divestment of the former Servisair ground handling business in Helsinki, London Gatwick, as well as Newcastle and the former Swissport ground handling business in Birmingham. The divestment had been imposed on Swissport by the EU Commission in order to get merger clearance for the acquisition of Servisair. The divestment scope includes the former ground handling business at the related stations, incl. passenger and ramp handling, as well as de-icing and lounge services where those are embedded in ground handling commercial agreements.

Swissport will remain a competitive force in the UK and Finland. The existing Swissport stations in Helsinki, London Gatwick, Newcastle and Birmingham will continue to operate and serve their customers, striving to further strengthen and grow their business. The acquisition of the three UK stations marks Aviator’s entry into the UK ground handling market and adds to its existing business in Finland.

Roman Hermann, Executive Vice President Business Development, Swissport International. Paul Synnott, CEO, Aviator, and Bernt Lindberg Partner and Investment Manager, Aviator