News / Swissport loses Ukraine operation and $20m after court rules in UIA's favour

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Swissport International has pledged to return to Ukraine despite yesterday’s court decision which saw it lose about $20m, as its joint venture partner Ukraine International Airlines won the right to buy 70% of the shares in Swissport Ukraine for just $400,000.

The company, which Swissport International claims was worth between $25m and $30m, saw the shares transferred immediately after the decision.

“Not only was the decision strange, but the evaluation of the company was based on historical figures,” said Mark Skinner, svp ...