BAA owner sells ground handling subsidiary

Swissport International, probably the world’s leading provider of ground handling services to the airline sector, is to have a new proprietor.  Up to now it has been part of the Spanish Ferrovial portfolio, together with Britain’s BAA Ltd.

The new owners are PAI partners, a Europe-based private equity group with no current aviation interest although a big player in the automotive industry.  The company has its origins in a partnership between Paribas and BNP banks, but has long established itself as a leading independent private equity company.

The sale will have no impact on Swissport’s current clients or its personnel, and the present management team will also remain unchanged.  The closing of the transaction is expected in the course of December or beginning of 2011. www.swissport.com

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