Monday, December 15, 2008

Swissport may quit Changi

Dec 14, 2008 Straitstimes
UP AGAINST tough competition from entrenched players and a worsening global recession, loss-making Swissport Singapore may pull the plug on its operations at Changi Airport.

The Straits Times understands that the Swiss-based ground-handling company, which offers passenger check-in, as well as baggage and cargo services, is in talks to sell its business, possibly to rival Singapore Airport Terminal Services (Sats).

Since it started operating at Changi in 2005, Swissport has chalked up losses of more than $50 million.

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