8 NOVEMBER 2010

Index


© 2022 Business Travel News Ltd.

Article from BTNews 8 NOVEMBER 2010

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

Index/Home page
 

OUR READERS' FINEST WORDS (All times and dates are GMT)

All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum


www.btnews.co.uk