Swissport agrees Indonesian ground handling joint venture with UNEX
Swissport International will take a stake in Jakarta-based UNEX Aviation Services under binding agreements, giving the ground handler its first foothold in Indonesia. The partners plan to move beyond air cargo into ground handling.
Swissport International has reached binding agreements to take a stake in UNEX Aviation Services, a Jakarta-based Indonesian ground handling company. The deal is structured as a joint venture and marks Swissport's entry into the Indonesian market. According to the company, the two partners intend to widen the business beyond the air cargo operations UNEX currently runs, adding ground handling to its scope. The source did not disclose the size of the stake, the value of the transaction, or a timeline for the expansion. No closing date was given.
Sources
- airportindustry-news.comSwissport Enters Indonesian Aviation Market