Swissport’s presence in the Asia-Pacific region has received another boost with the launch of Swissport Executive Aviation at Auckland Airport, New Zealand. The Executive Aviation brand is replacing Skycare, the former Fixed Base Operation (FBO) of Aerocare, and now connects with more than 90 airports and 25 countries across the globe.
Swissport is speeding-up the air freight handling processes at its cargo warehouses by introducing newly developed self-services kiosks. The digital innovation reduces waiting times and increases the quality of the air freight documentation.
Swissport International has won a license for ground services at 15 airports in Morocco. The new license is valid from 1 October 2019 and has a term of seven years.
Swissport, on the occasion of the publication of its latest Sustainability Report today, has committed to further invest in environmentally friendly equipment. By 2025, the company aims to increase the share of electric vehicles in its fleet to at least 50% to further reduce its carbon footprint and to improve the direct working environment of its employees.
Swissport has been awarded a 5-year contract to perform load control services for all continental flights of Swiss International Air Lines. Swissport’s “Centralized Load Control” unit (CLC) will provide SWISS with some 21,000 load-sheets yearly across 47 airports.
Swissport International is developing its lounge business in the Asia-Pacific region. The first lounge under the Aspire brand will open at Perth Airport in Western Australia mid next year.
Swissport increased its revenue to EUR 1,526.0 million in the first half of 2019 compared to EUR 1,437.9 million in the first half of 2018 (plus 6.1%). The company’s revenue growth continued to be profitable with its operating EBITDA up 7.2% to EUR 121.9 million for the first six months of 2019 (EUR 113.7 million in the first half of 2018).
Swissport Group S.à r.l. (together with its subsidiaries, "Swissport") successfully closed and settled its debt refinancing. The refinancing includes EUR 410 million of senior secured notes, EUR 250 million of senior notes and a EUR 850 million term loan B facility. Swissport is using the net proceeds from the refinancing to repay existing debt.
Following the announcement of plans for a refinancing of certain outstanding debt of Swissport Group S.à r.l., an indirect parent company of Swissport International AG, Eric Born, President & CEO of Swissport International AG, agreed to extend his contract subject to the company’s successful completion of the debt refinancing.
Swissport Group S.à r.l. (together with its subsidiaries, "Swissport") intends to refinance some of Swissport’s outstanding debt. The anticipated proceeds from the refinancing are expected to be used to repay/redeem existing debt. Estimated revenue for the first half of 2019 increased to EUR 1,526.0 million compared to EUR 1,437.9 million in the first half of 2018 (or EUR 1,472.4 million in constant currency).