Worldwide Flight Services (WFS) was awarded two major contracts to handle new freighter operations for AirBridgeCargo Airlines’ (ABC) and Air China Cargo at Madrid Airport, a press release confirmed. AirBridgeCargo chose WFS to provide ramp handling for its three weekly Boeing 747F flights to Madrid, whilst Air China Cargo will rely on WFS for ramp and cargo handling services for the airline’s three weekly B777 and B747 all-cargo flights. WFS operates three cargo centres at Madrid Airport … [Read more...] about WFS inks AirBridgeCargo and Air China Cargo contracts at Madrid Airport
Ground Handling & Cargo Terminals
Vietjet pilots own ground handling operations amidst the pandemic
Vietjet officially kick-started its self-handled ground operations at Hanoi’s Noi Bai International Airport on 4 September, becoming the first ever private carrier to set up its own ground handling arm in Vietnam. The move aims to improve the airline’s service quality, independence and the flexibility to adjust its own flight schedule to meet seasonal flight operations, especially during peak season, the company said in a press release. “The launch of Vietjet ground services in Hanoi today … [Read more...] about Vietjet pilots own ground handling operations amidst the pandemic
Swissport under new owners following €1.9 billion debt-equity swap
Swissport will be under new management following a “lock-up” agreement with senior secured creditors, a press release confirmed. The deal includes a debt-for-equity swap worth €1.9 billion in existing debt, as well as a €500 million long-term debt facility and a €300 million interim facility to help the airport services provider stay afloat. Senior secured creditors, including SVP Global, Apollo Global Management, TowerBrook Capital Partners, Ares Management, Barclays Bank, Cross Ocean … [Read more...] about Swissport under new owners following €1.9 billion debt-equity swap
Indonesia’s biggest airport operator looks to cargo amidst slump
PT Angkasa Pura II, Indonesia’s largest airport operator, is pushing ahead with the construction of a new goods-handling facility in Jakarta, betting the movement of cargo will help an industry laid to waste by the reduction in passenger flights, Bloomberg reports. It’s calling upon third parties that are interested in investing alongside it to submit proposals in the fourth quarter. The total investment is “estimated to be 7.5 trillion to 8 trillion rupiah ($545 million),” President … [Read more...] about Indonesia’s biggest airport operator looks to cargo amidst slump
GTA dnata to start ground handling operations in Vancouver by Q4
GTA dnata has been awarded a 5-year ground handling license to operate at Vancouver International Airport (YVR). The company will provide ramp, passenger and cargo warehousing services by the fourth quarter of 2020, a press release confirmed. The Canadian joint venture was established when Dubai-based dnata bought a 50-percent stake in GTA Aviation’s cargo and ground handling operations at Toronto Pearson International Airport, marking the entry of the Dubai-based air services provider into … [Read more...] about GTA dnata to start ground handling operations in Vancouver by Q4
Swissport nabs €300 million financing, shakes on restructuring deal ‘in principle’
Cargo ground handler Swissport bagged €300 million of committed interim financing from an ad hoc group of senior secured creditors, which will top-up on its current liquidity position of more than €200 million as of 18 August, a press release confirmed. Swissport says this will give them ample headroom to trade and execute operational plans through the Covid-19 pandemic as well as take advantage of growth opportunities post-crisis, strengthening its position in the passenger services and air … [Read more...] about Swissport nabs €300 million financing, shakes on restructuring deal ‘in principle’