Recent News Releases
Swissport International (Swissport), the world’s leading provider of ground and cargo services to the aviation industry, is reporting total revenue of CHF 2.1 billion for the year 2013. This represents an 11% increase in revenue compared to 2012, which is again reconfirming the company’s leading position in its industry, despite challenging market conditions and foreign exchange headwinds.
Geneva-based FBO (Fixed Base Operator) PrivatPort, affiliated to Swissport Executive Aviation, received the license to deliver a full range of services at Zurich International Airport as of 1 January 2014. The new FBO license completes the network in Switzerland. Now the business line offers executive aviation assistance at all three main Swiss airports: Geneva, Zurich and Basel.
Swissport International (Swissport) today announced the appointment of José Canales as Senior Vice President Latin America (LATAM), effective immediately. In this role José Canales is reporting to Juan José Andres Alvéz, Executive Vice President Europe, Africa & Latin America.
Swissport International (Swissport) today announced the promotion of Tommy Watt to Executive Vice President UK & Ireland with immediate effect, becoming a formal member of Swissport International’s Group Executive Management. In this role Tommy Watt is directly reporting to Per H. Utnegaard, Group President & CEO of Swissport International.
Swissport International (Swissport), the world's largest provider of ground handling services for the aviation industry, and Germanwings, one of the most successful low-cost airlines in Europe, have signed a multi-year ground handling contract. In the context of this contract, Swissport commenced ground handling services for Germanwings at four locations, Birmingham, Geneva, Helsinki and Madrid, at the end of October 2013. During the contracted multi-year collaboration, the network will be further expanded over the next two years.
Swissport announced that the acquisition of Servisair from Derichebourg group has been completed today. On 2nd August Swissport announced that it had entered into a definitive agreement to acquire Servisair. Financial terms were not disclosed. All required regulatory approvals were obtained before closing.
Swissport International Ltd. (“Swissport”) and Scandinavian Airlines Systems (“SAS”) today announced they have signed an agreement by which Swissport acquires a 10% stake in each of SAS’ three ground handling companies. The acquisition which has insignificant impact on profitability and liquidity of the SAS Group is effective as of 1st November 2013.
Swissport International Ltd., largest provider of ground and cargo services to the aviation sector, announces that in yesterday´s court ruling (02 October) the Highest Economic Court in Kiev decided to cancel all decisions taken by the first two court instances and to redirect the case to the first instance for review. The legal basis on which UIA (Ukraine International Airlines) tried to justify its new full ownership in the ground handling entity was declared null and void. The court ruling creates a new starting point from which Swissport is expecting to get its majority ownership of the former "Swissport Ukraine" (now firming as "Interavia") and the respective shares back. Swissport is open for an amicable solution and looking forward to discuss further steps with the airlines´ representatives. Swissport also feels encouraged about this signal of the Ukraine, moving into the right direction and not only verbally distancing from unlawful behaviours.
Highest Economic Court decision still pending ● UIA diluted Swissport’s shares in the meantime ● Government remains silent on protection of foreign investment
Swissport International Ltd, leading provider of ground and cargo services to the aviation sector, is introducing Jean-Luc Payot as new CEO Swissport Geneva with effect 1st September 2013. Jean-Luc Payot will take over responsibility as CEO at Swissport in Geneva from Michel Glorieux, who will leave the company end of August to pursue new challenges outside the company.