Swissport

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Swissport International Ltd.
IndustryAviation (outsourcing/subcontracting)
Founded1996
HeadquartersOpfikon, Switzerland
Number of locations
315 airports
Area served
50 countries
Key people
Eric Born, Group President & CEO
ServicesGround handling
Cargo services
Executive aviation
Aircraft maintenance
Aviation security
Travel services
RevenueEUR 2.8 billion (2017)
OwnerHNA Group
Number of employees
Over 68,000
Websitehttp://swissport.com

Swissport International Ltd. is a Swiss aviation services company providing airport ground and cargo handling services, headquartered in Opfikon, Switzerland. It handles around 265 million passengers and 4.7 million tonnes of cargo annually, on behalf of some 850 client-companies in the aviation sector. With a workforce of around 68,000 personnel, Swissport is active at more than 315 locations in 50 countries, and generates consolidated operating revenue of EUR 2.8 billion.[citation needed]

History[edit]

The company was founded in 1996 as Swissair Ground Services International, an independent of the former Swissair. In the following years, the company expanded both through organic growth and through various acquisitions.[1] As part of the Swissair financial crisis, Swissport was first purchased by the British private equity firm Candover Investments and in August 2005 by the Spanish construction company Ferrovial.[2] In the meantime, the company has grown through various acquisitions. At the end of 2010, Ferrovial sold Swissport for €654 million to the French private equity firm PAI Partners.[3]

In August 2013, Swissport announced the acquisition of competitor Servisair [4] which bought Handlex in Canada, a part of the group Transat in 2012. In December 2013, the acquisition was approved, subject to conditions by the European Commission.[5]

Over the years, Swissport has been the recipient of several industry awards including Ground Handling Award 2013, Air Cargo Handling Agent of the Year 2014 (for the sixth year in succession) and Global Aviation Ground Services Company 2012 (for the twelfth year in succession).[6]

On July 31, 2015 it was announced that China's HNA Group, the parent company of Hainan Airlines, was to purchase Swissport for $2.81 billion US.[7] “The acquisition by HNA will enable the company to grow in the interpenetrated Asian markets and in China, in particular, thanks to HNA’s strong roots in the region,” Ricardo de Serdio, a partner at PAI Partners, said in a news release. Swissport, the world´s largest ground and cargo handling company, will remain as a stand-alone business within HNA Group, complementing HNA’s existing activities including aviation, airport management, logistics and tourism.

On March 7, 2018, Swissport has concluded the acquisition of Aerocare and its subsidiaries Skycare, Carbridge and EasyCart from Archer Capital and the Aerocare management. Swissport now holds 100% of Aerocare, the leading Aviation Services and Airport Infrastructure Services provider in Australia/ New Zealand.

References[edit]

  1. ^ "History of Swissport International Ltd." Funding Universe. 2005. Retrieved on 22 August 2014.
  2. ^ "Candover buys Swissair arm" The Telegraph. 02 February 2002. Retrieved on 22 August 2014.
  3. ^ "Ferrovial to Sell Swissport to PAI Partners for $909 Million" Bloomberg. 02 November 2010. Retrieved on 22 August 2014.
  4. ^ "Swissport to Acquire Servisair" Airports International. 02 August 2013. Retrieved on 22 August 2014.
  5. ^ "Commission approves the acquisition of ground handling service provider Servisair by Swissport, subject to conditions" europa.eu. 18 December 2013. Retrieved on 22 August 2014.
  6. ^ "The Swissport Profile" Swissport. Retrieved on 22 August 2014.
  7. ^ "PAI Partners to Sell Swissport International for $2.8 Billion". New York Times. July 31, 2015. Retrieved 1 August 2015.

External links[edit]