Swissport sells off ‘unprofitable’ French ground handling services

SWISSPORT France Holding and Servisair – both part of Swissport Group – is to sell its principal ground handling activity in France after struggling to make a profit.
The announcement comes after GH Team, co-chaired by Christophe Le Borgne, the current chief executive of Swissport in France, and Adrian Melliger, former senior vice-president of southern Europe (six countries, including France) for Swissport, made an offer to acquire the business.
The proposed sale is a strategic decision for Swissport, taking into account the growing economic pressure on ground handling activities particularly at Paris CDG, says a company statement.
The planned sale affects activities that are currently carried out within Swissport France, Swissport Services CDG, Servisair France and Héraclès, but does not include Swissport Cargo Services or Swissport Executive Aviation Nice, which will remain part of Swissport, the statement adds.
A consultation process is under way.
“Lately, it has been difficult for our ground handling operations in France to be profitable and efforts to turn the station back into profitability have not been as successful as planned,” reveals Dany Nasr, senior vice-president of Swissport International.
“As a responsible economic player, we have focused on finding a satisfactory solution and the project led by GH Team combines all the necessary conditions: a solid business plan and strong knowledge and expertise,” he adds.
Share this story

Related Topics

Latest business news

Worsening box line disruption to have limited air cargo impact

Disruption to container shipping operations out of Asia has unexpectedly worsened over recent weeks but the development is expected to…

Read More

Share this story

UN commission examines the creation of negotiable cargo documents for air cargo

The United Nations Commission on International Trade Law (UNCITRAL) is looking at the creation of a negotiable cargo document that…

Read More

Share this story

Vienna Airport reports “significant” cargo growth in Q1

Vienna Airport has reported double-digit percentage improvements in cargo volumes in the first quarter, with throughput now exceeding pre-Covid levels….

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.