Swissport has successfully completed its comprehensive financial restructuring. As part of a debt-for-equity swap, ownership of the company has been transferred from HNA Group to a group of financial investors led by the former senior secured lenders of Swissport. The new owners will appoint Christoph Mueller as future Chairman of the Board of Directors. Effective…
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Swissport has been appointed preferred ground services partner for Qantas in Sydney (Domestic), Melbourne (Domestic) and Canberra following a rigorous review and tender process. Swissport Executive Vice President Glenn Rutherford said today’s announcement will expand a long and successful partnership with Qantas. “Swissport has been the Qantas Group’s largest local provider of ground services for…
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That’s a wrap on Airport Safety Week 2020! Swissport teams from around Australia and New Zealand joined with their airport colleagues for events and activities with the theme “We are in this together”. The campaign is a collaboration between the Australian Airports Association (AAA) and the NZ Airports Association (NZ Airports). It’s aimed at enhancing…
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There were sunny skies and big smiles today for the launch of the first-ever commercial flight between the Sunshine Coast and Canberra, operated by Alliance Airways. Sunshine Coast Airport invited Surf Life Saving Queensland to help give a warm send-off for the service which will provide an important link with the national capital and support key local…
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When 2020 gives you lemons… This year we’ve had more downtime at our airports than we could have imagined and we've tried to use the spare moments to get ready for flying to pick back up. One project our team got right behind was making sure our fleet and equipment were looking super-fine. Thanks to…
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Swissport’s Australian team has significantly expanded its relationship with Alliance Airlines, one of the few local airlines thriving through the COVID pandemic. Alliance is Australia’s leading air charter services operator, providing specialised services for the resources industry and other carriers across the Pacific region. The carrier has weathered the crisis better than most due to its fly-in, fly-out…
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Swissport has agreed to a comprehensive restructuring with creditors and shareholders including a debt-for-equity swap and a new 500 million euros long-term debt facility. The restructuring will deliver a significant deleveraging for the company. Swissport has also finalized the 300 million euros additional interim facility. HIGHLIGHTS Lock-up agreement for comprehensive restructuring envisages debt-for-equity swap with…
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A group of senior secured creditors has committed to provide 300 million euros of interim liquidity to support operations through the completion of the restructuring. The agreement ‘in principle’ on a comprehensive restructuring includes significant deleveraging and a new 500 million euros long term debt facility, which will replace the interim facility. HIGHLIGHTS 300 million…
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Swissport is celebrating two finalists in the Australian Workplace Health & Safety Awards (AWHSA) to be announced in a virtual ceremony next week. Annabel Limmer, a Customer Service Supervisor from Perth, has been recognised in the Emergency First-Aid Response category for efforts in resuscitating an airline guest experiencing cardiac arrest. After noticing a guest looking…
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CRITICAL but forgotten parts of the aviation industry are seeking a $125 million lifeline from the Australian Government to ensure the safety and security of all Australians can be maintained once travel restrictions are lifted after COVID-19. Aviation ground operations play a critical role in protecting Australians from terrorists, illegal narcotics and organised crime, and…
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