News / Swissport set to pursue IPO, but will owner HNA relinquish control?

25/01/2018

Ground handler Swissport is to seek a public listing on the Swiss stock exchange.

Group president and chief executive officer Eric Born said the initial public offering (IPO) would accelerate Swissport’s long-term growth strategy.

“It will provide additional financial flexibility and liquidity, and position the company to strengthen its leadership position and service offerings.”

No timeframe was announced for the IPO on Swiss bourse SIX, but a spokesperson told The Loadstar the “intention” was “some point in 2018”.

The company also declined to comment on whether ...

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Anon
January 26, 2018 at 9:43 am
It’s a shame to see the leading handling companies continuing to be short term money makers for private non industry owners.. incentives remain expand, consolidate and cut costs.. it is severely hindering long term investment in the industry, which despite bold words is lacking in innovation and training.. these are great companies but need proper long term owner objectives to finally push the envelope and move things forward.. sadly the current trend does not seem to best serve the industry or its customers..

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Jonathan
January 26, 2018 at 5:04 pm
Have to agree with Anon. With ownership changes its hard for the handling companies to sustain a long-term vision. Planning and strategies change with each new owner.

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