Ferrovial Sells Swissport

FERROVIAL HAS successfully completed the previously announced sale of aviation ground handling firm Swissport International to private equity firm PAI Partners for €695 million.
“I am greatly looking forward to working with our new owners,” Swissport’s President and CEO Per Utnegaard said. “Our entire top-management team is extremely motivated and looking forward to the challenges ahead. The general economic situation and the health of the airline sector improved in 2010, and this should allow us to outperform the market in 2011.”