It will continue to operate and to provide key logistics for Belgian and European imports and exports by air. The group’s cargo business at Brussels and Liège airports is a separate legal entity and is not affected. Despite close consultations with unions, key airline customers and Brussels Airport, local management could not present a plan to warrant additional funding by the group. The funding need for the two entities has been further exasperated by the COVID-19 crisis and the expiration of the largest airline customer contract in just a few months gives great revenue uncertainty for the future. During years of financial support by the group, numerous local efforts to turn around the business failed. The two Belgium entities have for many years relied on repeated liquidity provisions from their parent Swissport International AG.
The group’s cargo business in Brussels and Liège is not affected.Īfter many years of loss-making operations, Swissport Belgium SA/NV and its subsidiary Swissport Belgium cleaning, which have been providing ground and cleaning services at Brussels airport, will file for bankruptcy and prepare to cease operations. Swissport Belgium SA/NV, a subsidiary of Swissport International AG, which has been providing ground services at Brussels airport, will file for bankruptcy alongside Swissport Belgium Cleaning SA/NV after all attempts to turn around the notoriously loss-making unit failed.
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