Ground-handling services provider Saudi Arabian Logistics (SAL) has started operations at customs security areas for most of the Kingdom's airports, a press release revealed, as part of a memorandum of understanding (MoU) with Saudi Customs and the National Industrial Development and Logistics Program (NDLP), under the patronage of Prince Muhammad bin Salman. The MoU follows SAL's successful operation at King Khalid International Airport in Riyadh last December 2019. According to the … [Read more...] about Saudi Arabia’s SAL starts operations at main airports’ customs security areas
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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
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
WFS inks deal with Air France KLM Martinair Cargo at Brussels Airport
Worldwide Flight Services (WFS) has won a five-year contract with Air France KLM Martinair Cargo at Brussels Airport, according to a press release. WFS will provide handling services, including cargo, mail and truck handling, for the French carrier at its upcoming 25,000-sqm facility in the airport, for some 30,000 tonnes annually. The €100 million new facility, located in Building 835 at Brussels Airport, will incorporate 3,000 square metres of cooling facilities for pharma and … [Read more...] about WFS inks deal with Air France KLM Martinair Cargo at Brussels Airport
Changi reduces airport usage fees
Changi Airport Group (CAG) announced several reductions and rebates to aeronautical fees at Singapore Changi Airport, which will benefit airlines, ground handling agents and passengers. These include reductions to passenger service fees for transfer/transit passengers, landing fees for larger aircraft types, and franchise fees for flight catering and ground handling services. Existing rebates on landing fees for long-haul flights, aircraft parking and aerobridge charges will also be … [Read more...] about Changi reduces airport usage fees
SATS records 26% growth in profit
Singapore Airport Terminal Services (SATS) has reported a S$40.9 million (US$20 million) profit for the three months to 30 September, up 26.2 per cent year-on-year, the second quarterly growth following four consecutive periods of declines. Turnover at the airport ground-handling and catering company grew 45.4 per cent to S$362.3 million, despite a 10 per cent drop in aviation revenue. A key factor in the firm’s robust results was the contribution from Singapore Food Industries … [Read more...] about SATS records 26% growth in profit