HNA-backed Swissport plans $1.8B debt refinancing

Swissport International, the airport-cargo handler owned by Chinese troubled conglomerate HNA Group Co., said it plans to refinance some of its outstanding debt amid stable earnings growth. The announcement confirmed an earlier Bloomberg News report. According to Swissport’s statement on Monday, its 1.6 billion-euro ($1.8 billion) refinancing comprises of: A new 75 million-euro revolving credit […]
  • Bloomberg News
  • July 29, 2019

Virgin Atlantic awards WTA Aviation, Swissport service contracts

Today, Virgin Atlantic Cargo announced it awarded contracts to Israel-based air cargo sales agent WTA Aviation and Swissport that will support the carrier’s upcoming daily flights between Heathrow Airport (LHR), and Ben Gurion Airport (TLV) in Tel Aviv, Israel, which begin on September 25.  Under its contract with Virgin Atlantic Cargo, WTA Aviation will be responsible for selling the 20 tonnes of daily cargo […]
  • Brianne Ledda
  • July 15, 2019

Swissport, Brussels Airport plan new pharma center

Today, Swissport announced its plans to develop a new pharmaceutical center at Brussels Airport (BRU).  Swissport’s pharmaceutical center will provide 25,000 square meters of warehouse space, offices and 3,620 square meters of space for temperature-sensitive biopharmaceutical products. The warehouse space will include an automated Material Handling System (MHS), 50 truck loading bays, “speed gates” for air cargo and a four-story office […]
  • Brianne Ledda
  • July 10, 2019

CAL Cargo adds flights to Houston

CAL Cargo Air Lines announced yesterday that it will be adding flights from Europe to Houston’s George Bush Intercontinental Airport (IAH) starting in mid-July, in an effort to enhance shipments related to oil and gas. The airline found that the IAH market – which mainly focuses on oil and gas – aligns with its group […]
  • Brianne Ledda
  • June 20, 2019

dnata strengthens BRU regional position with new cargo center

Today, Dubai-based ground handler dnata opened a new cargo center at Brussels Airport (BRU), strengthening the airport’s regional positioning with increased capacity and specialized facilities. dnata invested EUR €8 million in the development of 14,000 square-meter cargo center, which includes 4,500 square-meters of warehouse space and the capacity for 125,000 tonnes of cargo per annum. […]
  • Chelsea Toczauer
  • March 28, 2019

Is it the role of the airport help train and recruit workers for sustained cargo growth?

Air cargo industry stakeholders are no strangers to the difficulties involved in recruiting skilled labor to fill warehousing and ground handling vacancies at growing airports. But does responsibility fall on the airport, or the individual stakeholders in need of labor? A number of airports, such as Liège Airport (LGG) and Istanbul New Airport (ISL), are […]
  • Charles Kauffman
  • February 20, 2019

Swissport invests in LHR with full acquisition of Cargo Handling Ltd.

Zurich-based cargo handler Swissport is purchasing the remaining 50 percent stake in Heathrow Cargo Handling Ltd. (HCH) – the other half of which it already owns. Swissport’s executive vice president for the Europe, Middle East & Africa (EMEA) region, Luzius Wirth, said the move will “round off our global cargo business,” adding that “on the […]
  • Nina Chamlou
  • February 11, 2019

Swissport revamps regional management structure

Zurich-based cargo handler Swissport will consolidate its management structure from nine to three regions, effective Jan. 1, 2019. The three new positions will cover the EMEA (Europe, Middle East and Africa), APAC (Asia-Pacific) and Americas regions. The three new regional heads will report directly to Swissport’s CEO and president, Eric Born, replacing the current position […]
  • Chelsea Toczauer
  • December 11, 2018

Swissport’s Frankfurt outpost earns CEIV Pharma certification

Swissport Cargo Services Frankfurt is the latest outpost to earn IATA’s CEIV-Pharma certification, following “investments into infrastructure, equipment and training.” The global ground handler – which also recently acquired Aerocare, the largest ground handler in Australia and New Zealand – said that the certification followed development of a dedicated product line for the handling of […]
  • Lewis King
  • November 22, 2017

Aeroterm to open new cargo facility at Edmonton this week

Canada’s Edmonton International Airport (EIA) is well on its way to logging seven years of consecutive growth, with Aeroterm set to open a new $10 million, 50,000 square foot, multi-use cargo facility in EIA’s Cargo Village on Friday, October 20. Adjacent to freight companies such as Purolator, DHL and Cargojet, this latest edition represents a […]
  • Lewis King
  • October 16, 2017

Chicago O’Hare adds cargo capacity as volumes surge

The 240,000-square-foot second phase of Chicago O’Hare’s US$220 million cargo development project came online last week, as a 15 percent year-over-year increase in year-to-date cargo volumes puts the Midwest airport on track to handle 1.8 million tonnes in 2017. The northeast cargo development is backed by a $160 million investment by Aeroterm and $62 million […]
  • Lewis King
  • August 21, 2017

Swiss WorldCargo steps up e-AWB process

Swiss WorldCargo is offering a single-process electronic air waybill (e-AWB) system that will allow forwarders to tender all shipments to an airline without a paper AWB, even on trade lanes for which a paper AWB is required. The company said the new process will accelerate the adoption of the e-AWB throughout its network. Presently Swiss […]
  • Staff Reports
  • September 28, 2015

Crosstown Traffic: Finding room at the most congested airports

  During the U.S. West Coast port crisis early this year, shippers desperate to serve their clients had to turn to airfreight to get their goods to their appointed destinations on time. Many U.S. airports were overwhelmed with cargo, causing mass confusion. At Chicago O’Hare, truckers reported waiting four to nine hours to get to […]
  • Staff Reports
  • August 5, 2015

Swissport will be sold to HNA Group

It’s official. PAI Partners, which acquired Zurich-based Swissport in 2010, will sell the cargo-handling firm to HNA Group of China, making this the fifth-largest acquisition of a European firm by a Chinese company. Swissport will remain as a stand-alone business within HNA Group, which owns China’s fourth-largest airline, Hainan Airlines. The purchase price is US$2.81 […]
  • Staff Reports
  • July 30, 2015
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