Cargo handler Skyport changes hands

Infrastructure investment firm Ventus and Singapore-based company Sky Logistica have acquired Prague-based cargo handler Skyport.

Skyport offers cargo handling at Prague Airport, where it processes more than half the airport’s cargo traffic, and also has operations in Bratislava and Košice, both in Slovakia.

“The last twelve months have proved the importance of air cargo infrastructure as a strategic component of global trade,” said Andy Popovich, chief executive, Ventus.

“Investing in automated facilities and modern operations is the future of this industry and we are excited to work with our institutional capital partners to further invest in this asset class.

“Skyport has huge potential for growth and we are focused on optimising the existing facilities and unlocking additional capacity by deploying technology to enhance operations.”

In connection with the acquisition of Skyport by Ventus and Sky Logistica, another company, Singapore-headquartered Elite Logistics Fund, purchased the airside cargo handling facility in which Skyport operates.