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).
Swissport is investing in a state-of-the-art air cargo facility at Brussels Airport. While Brussels Airport Company is constructing the building, Swissport has signed a long-term lease and is investing several million euros in equipment and fittings for the new facility. The building will consist of a 25,000 sqm warehouse, a material handling system, office space and 3,620 sqm of end-to-end facilities in the new Swissport Pharma Center.
Swissport has appointed Dr. Peter Waller as Chief Financial Officer and member of Group Executive Management. He will succeed Dr. Christian Göseke, who notified Swissport of his desire to leave the company. Peter Waller will assume his duties on 1 September 2019.
Swissport International has opened its second air cargo warehouse at Vienna International Airport. The new cargo facility will have a surface of 2,100 square meters, bringing Swissport’s total cargo space to 7,000 square meters at Vienna International.
Swiss ground service and air cargo handling group, Swissport International, and SITA have joined forces to develop a new model which will unlock the value of the vast range of air transport data available to deliver enriched, predictive analytics for the entire industry.
Swissport wins easyJet business at Zurich Airport as of 1 September 2019. The five-year contract complements Swissport’s existing business with the airline in Geneva and at Basel‘s EuroAirport. Swissport will service some 120 daily easyJet flights at the three Swiss airports combined. On a global level easyJet relies on Swissport’s ground services at 19 airports.
Swissport was recognized with the “Innovator Award 2019” at the IATA Ground Handling Conference in Madrid, today, for its role in developing the "LiftSuit". The LiftSuit, a wearable exoskeleton, can help to prevent musculoskeletal injuries amongst baggage handlers.
Finnair Cargo has appointed Swissport as the new operator of its COOL Nordic Cargo Hub facility at Helsinki Airport, one of the most modern air cargo hubs in Europe. From June 2019, Swissport will handle over 600 tons of perishables, pharmaceuticals and general cargo daily.
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.