Comment / On the wires: Swissport – Here comes the very expensive weapon of last resort

“Swissport International AG, the airport ground services firm owned by beleaguered Chinese conglomerate HNA Group, hired advisers to review its debt as passenger air traffic grinds to a halt because of coronavirus restrictions. The company appointed Houlihan Lokey as financial adviser as it considers a restructuring of its 1.6 billion euros ($1.7bn) of debt, according to people familiar with the matter.” – Bloomberg, 3 April 2020, sourced from “HNA’s Swissport to hire Houlihan Lokey to advise on debt“. 

Swissport’s troubles are more deeply rooted than ...