Swissport closes disposal of its Ground Handling activities in France to GH Team

Swissport France Holding SAS. and Servisair SAS, both part of the Swissport Group, the world’s leading provider of ground and cargo handling services to the aviation industry, announce the closing of its disposal of the ground handling activities in France to GH Team.

The sale affects activities that have been carried out within Swissport France, Swissport Services CDG, Servisair France and Héraclès. The disposal of the ground handling business in France is a strategic decision for Swissport, taking into account in particular the growing economic pressure on ground handling activities particularly in Paris CDG. The sale does not include Swissport Cargo Services or Swissport Executive, both will remain part of Swissport.

The acquirer, GH Team, aims to perpetuate and expand its current activities with an ambitious development plan in a changing market that makes increased agility and adaptability essential.

Dany Nasr, Senior Vice-President of Swissport International commented: “We are pleased that GH Team is taking over our Ground Handling operations in France, as they incorporate the necessary expertise and experience with an ambitious development plan and have the right set-up to meet the needs of this market. We would like to wish GH Team and the employees of the four entities great success in the future.”

Swissport International Ltd. is the world´s largest provider of ground and cargo handling services in the aviation industry. The company provides ground services on behalf of some 700 client-companies and handles around 224 million passengers and 3.9 million flights per year. The company operates 120 warehouses and moves approx. 4.0 million tonnes of cargo. With a workforce of around 55,000 personnel, Swissport is active at more than 260 stations in 45 countries across five continents, and generates annual consolidated operating revenue of CHF 3 billion. www.swissport.com

Source: Swissport International Ltd.