Swissport to Transfer German Passenger Handling Services to AHS Aviation Handling Services

Zurich/Hamburg, April 27, 2009 — Swissport International is selling its passenger handling operations in Germany to Aviation Handling Services GmbH. The sale, which will be formally concluded June 1, does not include the cargo handling activities of Swissport Deutschland GmbH. Preparations are already under way to ensure a smooth transfer of the passenger services concerned for customers and employees alike. The parties agreed not to divulge the purchase price involved or the further terms of the sale agreement.

AHS Aviation Handling Services GmbH is to take over the organizations and operations of Swissport’s subsidiary companies at Hamburg, Hanover, Berlin, Frankfurt, Cologne/Bonn, Düsseldorf and Munich airports in Germany on June 1.

The entities concerned will all be transferred to a new subsidiary named AHS GermanGround GmbH within the AHS Group.

The sale will see up to 680 current Swissport personnel transferring to the new AHS subsidiary. Preparations have already been embarked on — including due consultation with all works councils and all the further parties involved — to ensure a smooth and seamless handover of all the corresponding business activities.

The acquisition of the Swissport Group’s passenger handling operations in Germany is a major step for AHS in its endeavors to remain a strong and effective business presence in the increasingly competitive air transport market. “As a provider of aircraft handling and ticketing services, we are facing a growing consolidation within the airline sector,” says CEO Reinhardt Erdmann-Leutner. “The economic and financial crisis has hit the air transport business head-on,” he continues. “And it’s only by working together that we will meet and master the challenges of the next few years and secure jobs within our sector.”

AHS is already active at 14 German airports, with responsibility for handling aircraft and passengers on behalf of its airline customers or their local representatives. The company is jointly owned by the airports of Hamburg (32.25 percent), Hanover (34.75 percent), Bremen (12 percent), Stuttgart (10 percent) and Münster/Osnabrück (10 percent) and by AirPart Nuremberg (1 percent), and has a countrywide workforce of more than 1 000 personnel. Swissport Ground Handling, Services and Travel are fully-owned subsidiaries of Swissport International Ltd. via its Swissport Deutschland GmbH holding company.

A good solution for Swissport, too

“We are very satisfied with this transaction,” says Adrian Melliger, senior vice president at Swissport and head of the company’s Swiss and German ground handling operations.

“The amalgamation of these activities confirms the consolidation we’re seeing right now throughout the international markets. And I’m pleased, for our customers and for our personnel, that we have found such a sound and professional purchaser of our German passenger handling business.”

The customers and employees of Swissport’s passenger handling organization in Germany will be provided with details of the coming handover phase in the next few days. Swissport thanks all the customers and staff concerned for their many years of trust, confidence and collaboration, and wishes them all every success and satisfaction under the new ownership arrangements.

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