Swissport International president and CEO Eric Born is to extend his contract until the end of 2020, subject to the company successfully refinancing its debt – which it announced today along with its half-yearly results.
Born was due to leave the company at the end of 2019, but will stay on for a further year, if the planned debt refinancing takes place by 30 September 2019.
The Swiss ground handling company said the contract extension and the refinancing will “ensure strategic continuity and financial stability”.
Swissport added it will enable it to further consolidate its “leading market position” and after a successful 2018 business year, this is a “signal of continuity for Swissport’s customers, its employees, partners and investors”.
Born has been president and CEO of the airport ground services and air cargo handling company since August 2015.
In 2018, Swissport provided airport ground services for 282 million airline passengers and handled roughly 4.8 million tonnes of air freight in 115 cargo warehouses worldwide.
