Brussels green light for HNA takeover of Swissport

Brussels regulators have approved the Sfr2.73bn acquisition of airport ground handler Swissport by Chinese conglomerate HNA Group.
Swissport is a major provider of airport ground handling, cargo handling, and related ground handling services, to airlines in Europe and abroad. HNA Group, owner of China’s fourth-largest airline, Hainan Airlines, manages several airlines active in the European Economic Area (EEA) and other aviation related enterprises.
The European Commission concluded that the proposed acquisition would raise no competition concerns because “the companies’ activities do not overlap”.
The commission added: “Moreover, the merged entity would not be able to shut out suppliers of ground handling, cargo handling or offline cargo handling services competing with Swissport, given that HNA Group has a limited share in the demand for such services".
The transaction was examined under the normal merger review procedure.

Share this story

Related Topics

Latest asia news

AIA Cargo scoops two GSSA deals

AIA Cargo has won two new GSSA contracts, providing services for Hainan Airlines and Air Peace on their flights out…

Read More

Share this story

AAPA: February Asia air cargo demand up 10%

Air cargo demand in Asia grew in February “as a result of business and e-commerce activity” said the Association of…

Read More

Share this story

Yusen Logistics takes operations to Ezhou Huahu Airport

Japanese firm Yusen Logistics plans to start cargo terminal and charter operations at Ezhou Huahu Airport in China next year….

Read More

Share this story

Air Cargo News

Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.