Swissair Group and Candover have reached agreement over the terms of the acquisition of Swissport. Completion is anticipated by end of january 2002.
Swissport sees little prospect of achieving a healthy financial status and will therefore end its services with Dutchport by end of January 2002.
The SAirGroup has applied with the responsible court for a moratorium of debt enforcement for the SAirGroup, SAirLines and Flightlease companies. Swissport, always an independant company within the SAirGroup, does not make part of this transaction. Therefore all activities remain unchanged and stay in full operation. The process to sell a 80% stake of Swissport to Candover limited, a UK based equity investment firm is expected to be finalised by mid of October. More information and questions All local Swissport handling companies do have the same content of information. Should you need more information, we kindly ask you to check the following sources: - website over www.swissport.com - website over www.sairgroup.com - email over email@example.com or firstname.lastname@example.org - or get directly in touch with your local Swissport-(partner) ground handling company Thank you very much for your valuable cooperation and continuing support.
Restructuring talks continue Normal flight operations for Monday Sep. 30. (19:30) With efforts continuing to return the Swissair Group to a sounder business footing, Monday flight operations and other activities will be conducted as normal. The Federal Council will also meet Monday to further discuss the situation. The talks on the group's future held in Bern on Sunday afternoon were conducted in an open and constructive atmosphere, Group CEO Mario Corti reports. The Swissair and Crossair boards were also due to meet again on Sunday evening.
London-Zurich, August 30, 2001 - Metro Business Aviation Ltd. and Swissport UK Ltd. have signed a co-operation agreement for the handling of executive, business and corporate aircraft at Londons Heathrow Airport. The base will be known as Metro Swissport Executive Aviation and will begin operations with immediate effect. Swissport brings a vast array of ramp equipment and aircraft handling experience to the co-operation. Metro Business Aviations luxurious passenger and crew facilities, and unrivalled experience, will be their contribution to the co-operation. "Both organisations are renowned world-wide for their high quality and efficient service, therefore making a perfect combination, commented Mike Maguire, CEO of Swissport UK. The combination of these two organisations will provide a supreme level of service for private corporate aircraft upto and including B747s at Heathrow Airport. The extremely motivated team of 20 dedicated and professional staff will be headed by Stan Adamson, who is also in charge of Swissport UKs product delivery and quality standards. The single most outstanding example of the service and quality level Metro-Swissport Executive Aviation offer are the dedicated lounges, located on the Southern side of the airport, and considered to be the best in London. Currently, Swissport, a Swissair Group Company, operates at more than 130 stations in 25 countries all over the globe. Since January 2001 Swissport has started its own executive private aviation service, now present at 20 stations. For more information concerning Swissport or Metro visit www.swissport-executive.com or www.metrofbo.com, Further local details and contacts are available over Metro/Swissport London, e-mail: email@example.com
Swissport is heading into a new and bright future. Candover Services Ltd, London will become the new majority shareholder of Swissport. Candover was established in 1980 and is a leading investment firm headquartered in London. Among various potential investors, Swissport and the Swissair group were able to choose the investor which offered the best prospective for a succesful and sustainable future. This step will provide Swissport with additional financial resources and ensures the strategic development of new business units around the world. The benefits are obvious, more opportunities, a stronger competitive environment and a loyal and strong business partner. Candover Services Ltd, the Swissport management and its staff is committed to play an important role in the ground handling market and to offer a top quality product with the existing or new customers. Candover confirms that they would like to position Swissport as the Number 1 global ground handling company that makes this new partnership even more attractive. The well established brand Swissport will remain the same. It is not planned to change the present organisation and management. We are confident that we will be able very soon to inform about new and positive developments, once all strategic issues with the shareholder are established. Contacts: Stephan Beerli EVP Marketing & Sales Swissport International Ltd. Phone: +41 1 812 49 50 E-Mail: firstname.lastname@example.org
Aug. 22. Georges Peter, who headed Swissair's Basel station for many years and has been CEO of Swissport Basel AG since its creation in 1994, has been named CEO of Swissport France. He will be succeeded at Swissport Basel by Stefan Resele. Georges Peter moves to Nice to take up his new assignment on October 1. He takes over from Jan Tindemans, who will be leaving the Swissair Group at the end of August. Full arrangements have already been made for the September transition period. Georges Peter will be succeeded as CEO of Swissport Basel by Stefan Resele. Having served as a station manager for several years and been with Swissport International since its ground handling subsidiary was established - first in Business Development and now as Executive VP Operations - Resele brings a wealth of experience to his new position. He assumes his new duties on October 1.
Almost a year ago, Swissport began one of the most important modules within its added value program PLUS10 GroundSpeed. GroundSpeed is based solely on making an extra effort to reduce departure delays after the late arrival of an aircraft. The benefits for its customers are obvious: fewer delays, fewer missed connections, lower costs, not least of all, improved passenger perception. In total, Swissport saved 7923 hours for all its customers in the first six months of the year. This compares with 5755 hours saved between May-December 2000. Assuming that one hour delay is equivalent to USD 1000 - and this is a conservative estimate this means that Swissport has prevented this year an aggregate loss of USD 8715000. Since the start of GroundSpeed in May 2000 Swissport has saved more than 13000 hours or USD 15000000 for its customer airlines. Swissport remains committed to addressing its customer needs as extensively as possible and is therefore very pleased to have been able to make a positive contribution to the bottom line and the reputation of each customer airline. For further information about our value adding programm PLUS10 - please click here:
Swissport inaugurated its networks southern-most station July 8, 2001. Swissport Argentina is now offering its ground handling services in Bariloche, BRC. The new Station Manager, Willy Ordonez, and his crew are ready for taking up the challenge to offering high quality ground handling services not only for customer airlines but also for business and private aircrafts. Swissport North America commenced its ground handling activities at the airports of Tampa, Jacksonville and Sarasota. For contact and service information please click on Network/North America and choose the location. More and more confidence from our customer airlines at new locations: Amsterdam Freebird, Pegasus Airlines Berlin Tegel Iberia, Alitalia, Freebird Brasilia TAM Capetown Lufthansa, Kulula Cologne Swissair Dusseldorf Iberia Hanover LOT Jacksonville, FL Delta Johannesburg Kulula London Lithuanian Airlines, Syrianair, Air India, Royal Air Maroc, Qatar Airways, Kibis,Turkish Airlines, Yemen Airways Manaus TAM Mexico Air Luxor, Lan Chile Cargo Natal TAM Nice Go Fly Ltd., Air Transat Orange County Aloha Airlines Sarasota Delta Stuttgart Freebird Tampa Delta Tel Aviv Delta Air Lines, Freebird, SKY Airlines, UPS Business and private aircraft handling Under the brand of Swissport Executive Aviation following stations are actively offering the special services of private aviation handling: South America/Caribbean: Aeroparque, Brasilia, Buenos Aires, Cancun, Congonhas, Fortaleza, La Romana, Lima, Manaus, Natal, Puerto Plate, Punta Cana, Recife, Rio de Janeiro, Salvador, San Fernando, Santo Domingo, Viracopos Europe: Athens, Basel, Berlin, Cologne, Geneva, London, Nice Rest of the world: Khabarovsk, Tel Aviv
Hong Kong/Zurich, May 7, 2001 Airlines pay tens of millions of dollars a year in fines, return tickets and associated costs for inadmissible passengers, or those travellers who are refused entry to their country of destination. Swissport therefore plans to team up with CGS, Customer Ground Services Ltd. Zurich, to create a joint-venture company that will tackle this often-overlooked aspect. To get a clearer idea of the real costs incurred through inadmissible passengers, Swissport International has set up the Checkport project, a joint venture with CGS of Zurich. The aim of the project is to tighten up document checks and thereby reduce both the number of inadmissibles and the costs they generate in the form of tickets to return them to their place of departure, the cost of looking after them before this can be done, the fines that are levied by the authorities and delays these procedures can entail. The new joint venture between Swissport and CGS will make inadmissibles handling part of the total ground services product. The Checkport project offers a powerful blend of CGS expertise in the document checking field and Swissport Internationals global network, infrastructure and distribution channels. The project should make its operational debut in July. Newly-opened stations Swissport awarded the Global Ground Handling Company of the Year 2001 (by the Institute of Transport Management) not only offers new services, it is also continually expanding its global network. In the last few weeks new stations were opened in Bremen and Hanover, Germany; Iraklion, Greece; Vienna, Austria; and in Atlanta, USA. Swissport South Africa has finally got a definitive operating license for Johannesburg, Cape Town and Durban Airports. New Business Lines Swissport Executive Aviation was founded at the end of 2000 and took up initial operations at Frances Nice Airport on February 1, 2001