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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Swissport has commenced ground services for the Qantas Group at Launceston Airport in Tasmania. Swissport Senior Vice President Pacific Rob D’Alessio said: “We are proud to expand our partnership with the Qantas Group and look forward to delivering in Launceston the safety, service, efficiency and quality the Group has come to expect from Swissport.” Swissport…
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The trial of an innovative new wearable technology product to help boost manual handling safety has won one of four Swissport Global QHSE Awards. As part of the trial, employees are offered a small (30mm x 50mm x 10mm) lightweight SoterSpine device to clip to their collar to measure body movements and force. Wearers are alerted…
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The Fair Work Commission (FWC) has approved Swissport’s collective agreement for its 2,600 airport ground services employees. The agreement was originally endorsed by more than 91 per cent of Swissport employees following more than 80 direct consultation sessions across 25 airports nationally. Swissport Senior Vice President Pacific Rob D’Alessio said the news was a major…
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Swissport will provide ground services for Citilink Indonesia’s new daily Melbourne Avalon Airport - Denpasar return service. A subsidiary of Garuda, Citilink inaugural flight QG560 touched down on Saturday 25 January welcomed with Balinese dancing, Citilink branded cupcakes and special guests and Avalon stakeholders. The state-of-the-art Airbus A320NEO, carrying 178 passengers and cargo will arrive…
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Swissport’s large-scale launch of its first cargo business in Australia is officially underway following the signing of a lease agreement for a brand-new air cargo facility at Melbourne Airport, with other locations to be announced early this year. Swissport has signed an initial seven-year lease on a new building with warehouse space at Melbourne Airport.…
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Swissport’s electric bussing operations were in the spotlight at the International Zero Emission Bus Conference in San Francisco on 26-27 September. Swissport Brisbane Operations Manager Luke Morrison was invited to present by the Centre for Transportation and the Environment (CTE) following their visit to Swissport’s bus operation at Brisbane Airport. “CTE was impressed by how…
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