Swissport Acquires Heathrow Cargo Handling From Air France

Swissport has announced that it has “recently agreed” to acquire the remaining shares in Heathrow Cargo Handling Ltd (HCH). It previously held a 50% stake through a joint venture which has provided cargo handling services at Heathrow since 1995. The move is subject to Competition and Markets Authority approval and is expected in the first half of 2019.
Luzius Wirth, Swissport executive vice president Europe, Middle East & Africa commented: “We are very satisfied that we can strategically round off our global cargo business with this selective acquisition. On the basis of over 20 years of successful business, jointly with Air France, Swissport now has the right setup to further develop and enhance its service offering at London‘s Heathrow airport.”
Swissport said the HCH acquisition will enable it to invest further in its air cargo operation and service capabilities at Heathrow airport, where it operates two warehouses with a total surface area of approximately 165,000 sq ft (15,300m²).