Swissport has launched its own quality label for warehouses, which meet the company’s standards for the storage and handling of temperature-sensitive pharmaceutical goods. Fourteen facilities will initially be labelled under the Swissport Pharma Center name, which will serve as operational benchmarks in Swissport’s network. The company says further facilities will be validated and may be brought under the label. By introducing its own quality label, Swissport plans to leverage its … [Read more...] about Swissport rolls out own quality label for its pharma facilities
Swissport
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
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’
Swissport, Qatar Airways Cargo ink service deals in Amsterdam and UK
Contracts include ground handling and cargo services at Manchester and Birmingham under initial 5-year deals. Swissport signed another contract with Qatar Airways Cargo extending ground handling and cargo services for the Doha-based carrier at Amsterdam’s Schiphol airport for another five years, a press release confirmed. Besides ramp handling and air cargo warehousing, the contract includes general cargo, pharmaceuticals, dangerous goods and temperature-sensitive goods, serving as a … [Read more...] about Swissport, Qatar Airways Cargo ink service deals in Amsterdam and UK
A Successful start to Muscat Operations for Swissport Oman
flydubai and Air Arabia were the launch customers for Swissport Oman, a subsidiary of Swissport international, as they began operations at Muscat International Airport. They are responsible for providing comprehensive ground handling services including passenger and ramp handling, baggage services, operations coordination and load control for a total of 10 daily regional flights. In order to achieve outstanding operations from the beginning, Swissport Oman has invested considerable … [Read more...] about A Successful start to Muscat Operations for Swissport Oman
HNA Group in talks to acquire Swissport
HNA Group Co., owner of China’s fourth-largest airline, is said to be in talks to acquire ground handler Swissport International Ltd., according to a Bloomberg report quoting unnamed sources. The report said Swissport’s private-equity owner PAI Partners SAS is seeking about US$3 billion from a sale, but negotiations have dragged on for several months, held up by disagreement over the price, according to the sources. Swissport provides ground services for around 229 million passengers and … [Read more...] about HNA Group in talks to acquire Swissport