Swissport wins significant new business in the USA and South America and so strengthens itsleading position in the global ground handling business.
Zurich-Airport, July 25, 2003 - Swissport USA has successfully won the important cargo tender from United Airlines and already this summer will take over the complete cargo handling services at seven large airports. At the same time, Swissport Brazil has been commissioned by South America's largest low-cost airline (GOL) to take on five new operations in addition to the nine airports already served. The annual total volume of both transactions is approximately CHF 50 million.
Even in economically difficult times, Swissport has succeeded in increasing market share in important markets and growing segments, successes which are a confirmation of its clear forward-looking strategy. With the order from United Airlines, Swissport Cargo Services will handle approximately 70% of the cargo business of the world's largest airline. The large volume of the business will enable Swissport to once again reduce unit costs in order to offer attractive conditions for additional businesses.
Low-cost carriers are also showing strong above-average growth in South America and it is therefore of great significance for Swissport to occupy the leading position in this client sector. With the five additionally won stations, Swissport will handle 150 flights daily of GOL and so profit from the current boom. Two years after starting operations, GOL - which has around seven million passengers annually - occupies the third place (after Varig and TAM) among Brazilian airlines.
In the context of its growth strategy, Swissport is currently also in the
final negotiations regarding license issue and commencement of business operations
of various airport services in the countries of Uruguay and Malta.
Swissport International Ltd., which is majority-owned by Candover Partners Ltd., a leading London-based European buyout specialist, handles some 60 million passengers and 2.5 million metric tons of cargo a year for over 600 customers at over 150 airports in 29 countries. With a worldwide workforce of 18,000 personnel, Swissport is active on five continents and generated total operating revenue of CHF 1.2 billion in 2002.