Recent News Releases
Swissport North America Inc. and the U.S. Department of the Treasury have signed an agreement under the U.S. Coronavirus Aid, Relief, and Economic Security (CARES) Act. The agreement provides Swissport with approximately 170 million US dollars of additional funds for payroll support during the disruption that the COVID-19 pandemic has caused in the aviation industry. Swissport also recently completed a UK Scheme of Arrangement and Consent Solicitation which creates the ability to raise significant additional liquidity.
Swissport Belgium SA/NV, a subsidiary of Swissport International AG, which has been providing ground services at Brussels airport, will file for bankruptcy alongside Swissport Belgium Cleaning SA/NV after all attempts to turn around the notoriously loss-making unit failed. The group’s cargo business in Brussels and Liège is not affected.
The United Nations’ World Health Organisation (WHO) and the World Food Programme (WFP) have chosen Liège Airport in Belgium and Accra Airport in Ghana as logistics hubs for moving medical supplies across the world in the fight against COVID-19. Swissport plays a key role as a cargo handler at both UN hubs in Liège and Accra.
Swissport achieved an operating EBITDA of 272.3 million euros in 2019, roughly on par with the previous year result of 273.2 million euros. The group’s revenue from operating activities increased to 3.13 billion euros, up 4.7 percent from 2.99 billion euros in 2018.
Swissport will work with Unilode and Descartes to track and monitor Unit Load Devices (ULD) using Bluetooth technology at its cargo warehouses. The cargo handling division will equip its 115 cargo warehouses with tracking sensors during 2020.
The International Air Transport Association (IATA) has awarded Swissport’s warehouse operations in Nairobi with the CEIV certificate for pharmaceutical logistics. CEIV is IATA’s Center of Excellence for Independent Validators. Swissport is the first globally operating air cargo handler to receive the CEIV Pharma certification for a facility in Africa.
Swissport is further expanding its airport lounge business in Canada. Today, the Swiss market leader for airport ground services and air cargo handling opened its 49th airport lounge under its Aspire brand at Ottawa Macdonald-Cartier International Airport.
Swissport Executive Aviation, a subsidiary of Swissport International AG, is further expanding its business in Morocco. After establishing its first Moroccan fixed-base operation (FBO) for business and executive aviation in Casablanca in 2018, Swissport now moved into a dedicated VIP terminal at Marrakech Menara Airport, which opened on 1 February 2020.
Air Tanzania has commissioned Swissport to handle their entire hub operation at the airports of Dar es Salaam and Kilimanjaro. The new agreement includes a comprehensive service catalogue for Airport Ground Services, Air Cargo Handling and Aviation Security.
Swissport’s large-scale launch of its first cargo business in Australia is officially underway following the signing of a lease agreement for a brand-new air cargo facility at Melbourne Airport, with other locations to be announced early this year.