All Swissport articles – Page 7
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News
Swissport to expand in Brussels with new cargo centre
Swissport is investing in a new air cargo facility at Brussels Airport as it targets growth in the pharma sector.Swissport has signed a long-term lease and is investing several million euros in equipment and fittings for the new facility, which is being built by Brussels Airport Company.The building will consist ...
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NewsSwissport nabs CEVA CFO Waller
Peter Waller, SwissportGround handler Swissport has appointed Peter Waller as Chief Financial Officer and member of Group Executive Management.Waller will take over his new role as Executive Vice President and Chief Financial Officer of Swissport on 1 September and will report to Eric Born, President & CEO.Waller succeeds Christian Göseke, ...
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NewsSwissport expands at Vienna with second cargo facility
Swissport International has opened its second air cargo warehouse at Vienna International Airport.The new cargo facility has a surface of 2,100 square meters, bringing Swissport’s total cargo space to 7,000 square meters at Vienna International.It has direct airside access, allowing shipments to be transported to and from the aircraft much ...
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Kenya Airways announces new cargo partners
In the build-up to the launch of Kenya Airways’ flights to Geneva and Rome next week (June 13), the Nairobi-headquartered flag-carrier has named cargo GSAs and warehouse service providers that will support its operations in the two cities.Kenya Airways has appointed GACSA as its cargo GSA in Geneva, with Swissport ...
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NewsFinnair Cargo appoints Swissport for Helsinki's COOL Nordic Cargo Hub
Finnair Cargo has appointed Swissport as the terminal operator for its €80m COOL Nordic Cargo Hub at Helsinki Airport, taking over operations from June 1.The 31,000 sq m facility opened in 2018, focused on temperature-sensitive and high-value cargo shipments between Europe and Asia.In addition to its operations at the COOL ...
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NewsSwissport's 'excellent' 2018 saw cargo revenues up by 6.5%
Swissport reported an “excellent year” in 2018 as the ground handler saw total group revenues surge by 6.7% to just under €3bn, with revenues in air cargo handling rising by 6.5% to €560m.The Switzerland-based company, whose parent is China’s HNA Group, recorded 2018 operating EBITDA of €273.2m, an increase of ...
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News
Swissport to acquire 100% stake in Heathrow Cargo Handling
Swissport has taken 100% control of Heathrow Cargo Handling Ltd (HCH) after acquiring the 50% stake held by joint venture partner Air France. Terms were not disclosed.Last year, the HCH joint venture, with a workforce of some 120 employees, handled over 150,000 tons of air cargo, seven percent more than ...
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News
Swissport extends HNA loan as first half 2018 cargo revenues rise 7.3%
Swissport has again extended the collection date on the €286m balance of a loan to parent company HNA Group, while the Chinese conglomerate “concludes its assessment of strategic options” for its ground handler. subsidiary.News of the extension came as Swissport reported a 4.1% rise in group revenues to €1.43bn for ...
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News
Swissport becomes the first air cargo handler in Canada with CEIV Pharma
Swissport has added Montreal’s Pierre Elliot Trudeau airport to its network of CEIV Pharma certified cargo warehouses, the first air cargo handler to do so in Canada.The CEIV Pharma standards guarantee airfreight customers highest quality and temperature control standards for the transport of sensitive pharmaceutical products.“We are very pleased to ...
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News
Swissport consolidates regional structures as it looks to create efficiencies
Groundhandler Swissport International will consolidate its existing regional structure from nine to three management regions.These will be EMEA (Europe, Middle East, Africa), Americas (US, Canada, Latin America) and APAC (Asia-Pacific).The new structure, effective from January 1, will reduce overheads across the organisation and support faster decision making, Swissport said.The new ...
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News
Bidders circling Swissport, according to Bloomberg
Rival bidders are circling Swissport International and Brookfield Asset Management Inc is the likely buyer in what could be a $3bn sale, according to reports by Bloomberg News.Bloomberg's unnamed sources close to the matter said that talks are at an "advanced stage" but that they could still break down as ...
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News
Swissport delays the collection of its loan to HNA
Ground handler Swissport has extended an agreement to delay the collection of the outstanding balance of its loan to parent company HNA Group.In May, the troubled HNA Group repaid $100m of the €360m affiliate loan it had received from its subsidiary, Swissport, with an agreement not to collect the outstanding ...
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News
Swissport targets expansion in Germany with Apron acquisition
Cargo handler Swissport has pounced on rival Apron as it looks to expand its presence at Stuttgart and the wider German market.The handler said that the purchase of Apron, which includes a “large-scale warehouse”, makes Stuttgart its second largest cargo hub in Germany after Frankfurt.The deal means Swissport will be ...
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News
Swissport expands Heathrow cargo capacity through SEGRO deal
Ground handler Swissport has expanded its cargo presence at Heathrow Airport by taking a 36,000 sq ft facility from SEGRO.Swissport has signed a 10-year lease at Unit 1, SEGRO Park Portal Heathrow, a Grade A warehouse facility that also includes office space.The move comes as cargo volumes continue to grow ...
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News
Swissport declares ‘favourable’ half-year results
Swissport International has had a positive first half of 2018, with cargo volumes rising by five percent year on year to reach 2.3m tons.At €1.43bn, the handler’s total revenues for the January to June period showed an increase of 4.1% over the same six months of 2017. Cargo revenue climbed ...
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News
Eric Born to stay on at Swissport
Swissport, the globally active ground and cargo handler owned by China’s HNA Group, has confirmed that president and chief executive Eric Born will remain in his post at the helm of Swissport until the end of 2019.This latest announcement comes as something of a surprise, given that only last month ...
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News
Bloomberg: Cerberus considers Swissport deal following WFS takeover
Reports from news wire Bloomberg suggest that investment fund Cerberus is considering a move for ground handler Swissport following on from its takeover of WFS in June.The report, which can be found here, said that the current owner, Chinese conglomerate HNA, is considering selling a majority stake in the handler, ...
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News
Swissport integrating Aerocare in Australia and New Zealand
Swissport International is pushing ahead with the integration of the Aerocare organisation in Australia and New Zealand.Following the Aerocare acquisition in March 2018, the registered company name was changed to Swissport Australia as confirmed by the Australian Securities and Investments Commission.Eric Born, group president and chief executive of Swissport International, ...
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News
Swissport chief executive Eric Born to step down in December 2018
Eric Born is to step down as group president and chief executive of Swissport International at the end of this year.Born informed the board of directors at the ground and air cargo handling group of his decision which will see him leave the company in December 2018.He has held the ...
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News
Swissport to study blockchain benefits for cargo
Swissport is to study the benefits of blockchain for its cargo handling business.The company is launching a blockchain pilot phase with Olam, a non-profit foundation dedicated to developing an open-source platform for supply chain partners.Blockchain creates a digital record of every transaction made in a decentralised and secure way using ...