Finnair Cargo has appointed Swissport as the new operator of its COOL Nordic Cargo Hub facility at Helsinki Airport, one of the most modern air cargo hubs in Europe. From June 2019, Swissport will handle over 600 tons of perishables, pharmaceuticals and general cargo daily.
Swissport achieved an operating EBITDA of 273.2 million euros in 2018, an increase of 24.1 percent over the previous year's result of 220.1 million euros. Total revenue from operating activities increased to 2.99 billion euros, up 6.7 percent from 2.81 billion euros in 2017.
Swissport officially unveiled its latest, newly developed Aspire Lounge at Amsterdam Schiphol Airport last Thursday. In addition to the newly opened Aspire Lounge, Swissport, the world’s leading aviation services provider, was chosen to fully manage the newly opened Star Alliance Lounge, further expanding its hospitality services at the Dutch hub.
Swissport recently agreed to increase its shareholding in Heathrow Cargo Handling Ltd. (HCH) to 100 percent from 50 percent, which it held in a joint venture.
Swissport continues the temporary remedies standstill regarding the collection of the unpaid balance of its Affiliate Loan to HNA Group while HNA concludes its assessment of strategic options for Swissport. The remedies standstill was originally agreed in May 2018 and continued in October 2018.