As already communicated earlier (Press-Release July 13th, 99) Swissport International has submitted an acquisition proposal of DynAir what has now been successfully approved by the Board and Share-holders of the Alpha Airport Group Plc. in London. This significant step makes Swissport International to one of biggest and most important global Ground Handling Companies. The acquisition of DynAir is the win-win fulfilment of a vision and a strategy: a world-wide presence for Swissport based on excellence. The combined resources of DynAir USA and Swissport International will be a condensate of the "best of both worlds" in an ongoing effort to maximise overall performance and customer satisfaction: Some facts and figures: • serving some 322 customer Airlines • with more than 950'000 flights handled per year • based on 101 Airports all over the globe
cent holding in DynAir of the USA for a purchase price of USD 155 million (CHF 240 million). The acquisition of the Washington-based company, which is active at 55 US airports, would make Swissport International the biggest player in the world ground handling market and provide invaluable access to the key markets of the major US airport hubs. DynAir is currently owned by UK-based Alpha Airports Group Plc. Since the prospective seller is a publicly-quoted company, the transaction is subject to the approval of Alpha Airports shareholders under UK law.
Zurich, May 31, 1999 - Swissport International, the ground handling company of the SAirGroup, is continuing its international expansion. The company extended its operations to Amsterdam's Schiphol Airport - the fourth-biggest airport in Europe - and to five stations in France at the end of May. The opening of the new stations in the Netherlands and France marks a further step in the steady expansion of Swissport's activities in the rapidly-liberalising European ground handling market. Company CEO Joseph In Albon confirms the strategic importance of the new operations: "We want to be present with standardised products and services - for both our airline customers and their passengers," he explains. The new Swissport subsidiaries will operate under the names of "Dutchport" in Amsterdam and "Air Littoral Assistance" in France (at Montpellier, Lyon, Marseille, Nice and Toulouse). While the Dutch operation is a joint venture with CSC (Cargo Service Center), a local cargo handling company, Swissport International will hold a 70-percent equity stake in Montpellier-based Air Littoral Assistance. As In Albon points out, the new French locations offer an excellent basis for establishing and developing a Swissport presence in the key French ground handling market. A new partne