Two new companies within Swissport International Ltd.

In Argentina Swissport has created a joint venture with Aeropuertos Argentina 2000. Swissport Argentina S.A. started operations at Ezeiza airport, October 1st. Hugo Schreier, formerly Station Manager of Swissair in Buenos Aires, has been appointed CEO of this company.

Swissport Argentina currently provides ground handling for South African Airways, Spanair and Swissair and plans to take up ground handling activities at other Argentinean airports very soon.

Swissport Dominicana S.A., a joint-venture company operating under a management contract with Swissport International, will offer passenger handling services at the three main airports of the Dominican Republic (Punta Cana, Puerto Plata and Santo Domingo). Augusto Cavalcante, formerly Station Manager of Swissport in Rio de Janeiro will act as Operations Manager and Omar Azar has been appointed CEO of the company.

All current customers of the joint-venture partners Airline Services Maninos S.A. and Caribe S.A. have been notified that with effect October 1st, 2000 all exiting service contracts will be transferred to Swissport Dominicana S.A.. Swissport Dominicana has been awarded the exclusive rights to provide ramp handling services and to operate an FBO at the brand new airport of La Romana. The La Romana airport will enter into service on December 15th, 2000 (beginning of high-season).