Swissport is in negotiations with Scandinavian Airline Systems to form a joint venture company, owning 51 percent of the new organization and SAS' ground-handing offerings in Denmark, Sweden and Norway.
The joint venture will transfer the ground-handling operations of SAS and the cargo-handling operations of Spirit to Swissport. Swissport will take over management of the company and its operations, completely outsourcing Scandinavian activities.
“I am very proud of SAS having chosen Swissport as their partner for outsourcing the ground service business," Swissport President and Chief Executive Officer Per H. Utnegaard said in a statement. "This is a perfect strategic fit for both companies, and for Swissport this step into the Scandinavian market is an important part of our defined growth strategy and our worldwide expansion.”
SAS' CEO, Rickard Gustafson, said this deal is part of the company's 4X Next Generation strategy.
"Not only is it a significant step towards delivering the outsourcing solution that we set out for reducing complexity and securing a flexible cost base. We are also very pleased to partner up with the world’s leading ground handler, Swissport, who is well-known for high quality services worldwide," he said in a statement. “The joint venture model with Swissport will give us the opportunity to continue delivering SAS’ distinguished quality to our customers as well as securing a smooth outsourcing process for our employees.” - Jon Ross