Swissport Belgium to File for Bankruptcy, Cease Operations

Swissport Belgium, the ground-handling subsidiary of Swissport International operating at Brussels Airport, will file for bankruptcy alongside Swissport Belgium Cleaning after all attempts to turn around loss-making unit failed, according to emailed statement from Swissport International.

• Group’s cargo business in Brussels and Liege is not affected
• Swissport not to provide future funding to its Belgian ground-handling subsidiary
• “We had to acknowledge that there were no viable options left on the table and no positive prospects on the horizon,” says Swissport CEO Eric Born. “Absent of a healthy portfolio of customer contracts and absent of a competitive cost base, our ground ...