Swissport to dispose its Copenhagen Cargo business to WFS
Swissport, the world’s leading provider of ground and cargo handling services to the aviation industry, and WFS (Worldwide Flight Services), ground and cargo handling provider at over 120 stations worldwide, signed a binding agreement regarding the divestment of Swissport ́s cargo business at Copenhagen Airport to WFS on 26th August. The date of transfer of all business activities to WFS is set to be 1st October 2014.
WFS is a major player in cargo handling, with 3.5 million tonnes of cargo handled yearly and therefore perfectly equipped to take over the cargo business at Copenhagen Airport. The sale of the Copenhagen cargo business to WFS includes all business activities currently carried out by Swissport Cargo Services Denmark ApS as well as all assets. Most of the employees will move to WFS Denmark A/S accordingly. The cargo warehouse at Copenhagen will be operated by WFS Denmark A/S through a sub-lease contract.
The exit process will start immediately now after the agreement has been signed and will be concluded 1st October 2014. The union representatives have been informed on the transfer prior to the decision to transfer the business to WFS.
Worldwide Flight Services (WFS) was founded in 1971 and is a leading global provider of ground handling and technical services, and the world’s largest cargo handler. Today it is present at 120 major airports in 20 countries on four continents. WFS serves 300 airlines globally, including the handling of four million tonnes of cargo and 50 million airline passengers per annum. The company employs 10,000 staff worldwide and reported revenues for 2013 of €580 million.
Swissport International Ltd. is the world ́s largest provider of ground and cargo handling services in the aviation industry. The company provides ground services on behalf of some 700 client-companies and handles around 224 million passengers and 3.9 million flights per year. The company operates 120 warehouses and moves approx. 4.0 million tonnes of cargo. With a workforce of around 55,000 personnel, Swissport is active at more than 260 stations in 45 countries across five continents, and generates annual consolidated operating revenue of CHF 3 billion. www.swissport.com
For more information please contact:
Swissport International Ltd.
Corporate Communications & Marketing
Sabine Fernández Meinitz
+41 43 815 00 15
Farner Consulting AG
+41 44 266 67 22