Born Extended as President and CEO of Swissport Through 2020

Following the announcement of plans for a refinancing of certain outstanding debt of Swissport Group S.à r.l., an indirect parent company of Swissport International AG, Eric Born, President and CEO of Swissport International AG, agreed to extend his contract subject to the company’s successful completion of the debt refinancing.

Born, who was due to leave the company at the end of 2019, has agreed to extend his contract subject to the company’s successful completion of a planned debt refinancing by Sept. 30, 2019. Born’s extension as President and CEO would be for a further year to the end of 2020. The contract extension and the refinancing will ensure strategic continuity and financial stability, enabling Swissport to further consolidate its leading market position. After a successful 2018 business year, this is a signal of continuity for Swissport’s customers, its employees, partners and investors.

Born has been serving as the President and CEO of one of the world's leaders in airport ground services and air cargo handling since August 2015. He has a strong track record in creating value in private equity owned and publicly listed organizations across retail, logistics and aviation services. During his tenure, he and his management team have continuously extended Swissport’s global leadership by driving organic growth and through targeted acquisitions, while streamlining the structure and improving the result.