Recent News Releases
Swissport achieved an operating EBITDA of 273.2 million euros in 2018, an increase of 24.1 percent over the previous year's result of 220.1 million euros. Total revenue from operating activities increased to 2.99 billion euros, up 6.7 percent from 2.81 billion euros in 2017.
Swissport officially unveiled its latest, newly developed Aspire Lounge at Amsterdam Schiphol Airport last Thursday. In addition to the newly opened Aspire Lounge, Swissport, the world’s leading aviation services provider, was chosen to fully manage the newly opened Star Alliance Lounge, further expanding its hospitality services at the Dutch hub.
Swissport recently agreed to increase its shareholding in Heathrow Cargo Handling Ltd. (HCH) to 100 percent from 50 percent, which it held in a joint venture.
Swissport continues the temporary remedies standstill regarding the collection of the unpaid balance of its Affiliate Loan to HNA Group while HNA concludes its assessment of strategic options for Swissport. The remedies standstill was originally agreed in May 2018 and continued in October 2018.
Checkport, a subsidiary of Swissport International Ltd, is the first and only Swiss company having obtained the IATA certification "Independent ACC3 EU Validator" and may from now on carry out third country validations for air carriers.
Swissport is further expanding its business in the Middle East with new contracts from the Dutch airline KLM and the largest Indian carrier IndiGo. The Swiss aviation services company, global market leader of airport ground services and cargo handling, will provide KLM with ground handling services in Dammam. IndiGo will initially be handled by Swissport at Jeddah, followed by Dammam and Riyadh.
SalamAir of Oman has signed a five-year contract with Swissport for hub handling at Muscat International Airport. As of 1 January 2019, the Swiss Aviation Services company, global market leader of airport ground services and cargo handling, will provide the Omani carrier with a full range of services, from passenger services to ramp operations.
Swissport International AG is adding Montreal to its network of CEIV Pharma certified cargo warehouses. The global leader of airport ground services and cargo handling for the aviation industry has received the certification as the first air cargo handler in Canada.
Swissport International AG, together with its partner Finnair, has been awarded “Best Handler-Airline Innovation” by the industry’s leading magazine Ground Handling International. The global leader of airport ground services and cargo handling was honored for a new machine-learning tool, which helps to dynamically predict aircraft delays at Finnair’s hub in Helsinki-Vantaa.
Effective 1 January 2019, Swissport International AG will consolidate its existing regional structure from nine to three management regions. These will be EMEA (Europe, Middle East, Africa), Americas (USA, Canada, Latin America) and APAC (Asia-Pacific). The new structure will reduce overheads across the organization and support faster decision making.