Swissport Secures €300 Liquidity For Restructuring

In the three months through June, Swissport's ground handling volumes dropped 88% and cargo volumes were down 24%.
Credit: Swissport
Ground handling company Swissport said creditors had committed to provide €300 million ($354 million) in interim liquidity to fund it through a restructuring plan. The company, which is owned by China’s HNA Group, said the €300 million financing—committed by an ad hoc group of senior secured...

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