Sign up here for GlobalData’s free bi-weekly Covid-19 report on the latest information your industry needs to know.
Swissport, a company which offers airport ground and cargo handling services, has reached an agreement in principle for a comprehensive restructuring.
The move comes after Swissport reported a 70% year-on-year drop in revenues in the second quarter of this year amid the Covid-19 crisis.
Meanwhile, the company received a binding commitment from an ad hoc group of senior secured creditors (AHG) for interim financing of 300m.
The funding, subject to fi…
Read the full article at: https://www.airport-technology.com/news/swissport-agreement-restructuring/