Eric Born, president & CEO of Swissport International, who was due to leave the company at the end of 2019, has agreed to extend his contract subject to the company’s successful completion of a planned debt refinancing by 30 September 2019.
Born’s extension is for a further year to the end of 2020. The contract extension and the refinancing will ensure strategic continuity and financial stability, enabling Swissport to further consolidate its market position, the company says. After a successful 2018 business year, this is a signal of continuity for Swissport’s customers, its employees, partners and investors, it adds.
Born has been serving as the president & CEO of the global provider of airport ground services and air cargo handling since August 2015. Swissport cites his “strong track record” in creating value in private equity owned and publicly listed organisations across retail, logistics and aviation services. During his tenure, he and his management team have continuously extended Swissport’s global leadership by driving organic growth and through targeted acquisitions, while streamlining the structure and improving the result, Swissport says.
In 2018, Swissport International provided airport ground services for some 282 million airline passengers and handled roughly 4.8 million tonnes of air freight in 115 cargo warehouses worldwide. Several of its warehouses have been certified for pharmaceutical logistics by IATA’s CEIV.
Swissport has 66,000 employees worldwide and achieved consolidated operating revenue of EUR 2.99 billion in 2018. At the end of June 2019, Swissport was active at 310 airports in 49 countries on six continents.