Several weeks ago, we wrote about how the legal deck surely seemed stacked against Swissport as it fought a corporate raid on its operations in the Ukraine.
A recap: The owner of Ukraine International Airlines, which operates a joint ground handling operation with Swissport Ukraine, says Swissport violated his company’s minority rights in the deal. As a result, UIA, which holds a 30 percent stake, could buy out Swissport for a pittance.
A final ruling by the courts was expected on Dec. 12, but that decision was postponed until Jan. 16 and, then, until Jan. 30.
At stake is not only a business, but some $8 million in assets at three airports that UIA could effectively buy for $400,000.
Swissport claims the allegations are...