Swissport Group announces that PAI Partners has agreed to the sale of Swissport to HNA Group, a global enterprise group based in Haikou, China. Swissport, the world´s largest ground and cargo handling company, will remain as a stand-alone business within HNA Group, complementing HNA’s existing activities including aviation, airport management, logistics and tourism.
Under HNA’s ownership, Swissport will continue to expand its global footprint and continue to deliver the highest quality and value added services to existing and future customers. On today´s announcement, Swissport Chairman Dr. Thomas Staehelin commented: „We are pleased to become part of HNA Group and to continue to further strengthening our service offering and global network.”
The total transaction value for 100% of the company is of CHF 2.73 billion. The transaction is subject to customary regulatory and anti-trust approvals by the relevant authorities. Closing is expected by end of this year.
Swissport International Ltd. provides ground services for around 224 million passengers and handles 4.1 million tonnes of cargo a year on behalf of some 700 client-companies in the aviation sector. With a workforce of around 60,000 personnel, Swissport is active at more than 270 stations in 48 countries across five continents, and generates consolidated operating revenue of CHF 3.0 billion