Swissport is the new owner of Heathrow Cargo Handling Ltd. (HCH) after acquiring the remaining 50 per cent stake in the handler from its joint venture partner, Air France.
Swissport will now fully own this cargo handling company at one of Europe’s busiest air cargo hubs. The HCH joint venture has been providing cargo handling services to the world’s leading airlines at Heathrow, one of Europe’s busiest air cargo hubs, since 1995.
“We are very satisfied that we can strategically round off our global cargo business with this selective acquisition,“ said Luzius Wirth, Swissport executive vice president Europe, Middle East & Africa. “On the basis of over 20 years of successful business, jointly with Air France, Swissport now has the right setup to further develop and enhance its service offering at London‘s Heathrow airport.“
Swissport says the HCH acquisition enables it to invest further in its air cargo operation and service capabilities at Heathrow airport, where it operates two warehouses with a total surface of some 15,300 sqm. Last year, the HCH joint venture, with a workforce of some 120 employees, handled over 150,000 tonnes of air cargo, 7.0 per cent more than in 2017.
The completion of the HCH share acquisition by Swissport is subject to Competition and Markets Authority approval and is expected in the first half of 2019.
Swissport International AG, on behalf of over 850 client-companies, provides airport ground services for some 282 million passengers annually and handles approximately 4.8 million tonnes of air cargo at 122 warehouses world-wide.
With a workforce of some 66,000 the world’s leading provider of airport ground services and air cargo handling is active at more than 300 airports in 50 countries on six continents. In 2017 the Group generated a consolidated operating revenue of EUR 2.8 billion.