IATA International Air Transport A … The Ground Operations Security Manual … The AG Airside GOSM sets the GA`s safety standards for stopover assistance for G Ps at … „This agreement is a transforming stone for Swissport. The additional EUR 300 million of intermediate financing and planned restructuring, supported by our secured seniors and other stakeholders, give us confidence that Swissport will succeed through the current market disruptions and will become an even stronger industry leader,“ said Eric Born, Group President and CEO of Swissport International AG. „It signals to our customers, employees and all other stakeholders that Swissport remains the partner they can count on. This agreement is also a support from some of the world`s leading investors for the fundamental strength of our business. Jukka Glader, VP for Ground Operations at Finnair, said: „The new partnerships will give us the flexibility we need if we gradually increase flight. It is estimated that commercial aviation needs two to three years to recover from the effects of the Covid 19 pandemic. IATA Standard Ground Handling, STANDARD GROUND HANDLING AGREEMENT, IATA Standard Ground Handling Agreement, standard, possible amendment to Article 8, IATA, stopover assistance, STANDARD GROUND HANDLING, International Air Transport Association, IATA Standard Ground Handling Agreement – IATA Standard Ground Handling Agreement – Service Level Agreements, The Standard Ground Agreement Handling SGHA, Ground Operations Safety Manual AHG represents more than 75% of the total amount of , 5.25% of 5.25% of swissports credit notes and credit contracts of the 14th. August 2019 (the „CAs“) come mainly from the United States and the United Kingdom. PIK lenders account for 99% of lenders under Swissport`s PIK facility agreement of 14 August 2019. The stopover assistance contract of the Finnish airline Swissport Finland is terminated on 31 March 2021. Guillaume Halleux, Chief Officer Cargo at Qatar Airways, said: „Our long-term partnership with Swissport in Amsterdam, Manchester and Birmingham will enable us to provide our customers with fast, fluid and efficient management for all types of freight.
With a strong emphasis on sustainability and compliance, we see Swissport as the ideal solution for transshipment of cargo to these destinations. In addition, an agreement was reached „in principle“ for an overall restructuring and refinancing of Swissport, with the participation of priority secured creditors under the leadership of AHG, lenders under the Swissport PIK Facility Agreement (the „PIK Lenders“) and HNA Group Co., Ltd., Swissport`s current shareholder. The overall restructuring will significantly reduce the balance sheet and allocate 500 million euros of long-term financing, which will eventually replace the interim mechanism of 300 million euros.