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Swissport Holdings Inc history
Swissport Holdings Inc company history timeline
1996: Swissport is formed.
In January 1997, the company acquired a 40 percent holding in Munich Airport's Airport Services Muenchen GmbH unit and began providing ground services at London Heathrow Airport.
Revenues exceeded CHF 1 billion in 2000, when there were 17,000 employees working for Swissport.
Swissport began as the ground handling operations of Swissair AG and became an independent company in 1996. It underwent a management buyout in 2002 as Swissair underwent bankruptcy.
The year 2003 saw the opening of units in Uruguay and India.
Revenues were up to CHF 1.2 billion ($950 million) in 2003, when Swissport employed about 20,000 people.
In 2004, Swissport also acquired Groundstar Ltd. from rival 3i Group.
In January 2005, Swissport announced it was divesting its operations at France's Toulouse and Nice airports to MAP-Handling.
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