Wednesday, September 13, 2006

Swissport prepares to enter Indian market

Zurich/Delhi: Swissport International, the world leader in the ground handling industry, has concluded a joint-venture agreement with Punj Lloyd Limited (PLL), one of India’s largest engineering and construction companies. Swissport will own 51% and PLL 49% of the new joint venture. With one of the fastest-growing markets in the entire aviation sector, India is a prime priority for Swissport, which sees it as having strong business potential.
The new joint venture will provide a vehicle for both partners to develop projects in the Indian ground handling market, taking advantage of Swissport’s brand and know-how and PLL’s local expertise. The Indian aviation market is currently being liberalised and offers attractive development opportunities.
No date has yet been set for the start of Swissport’s Inndian operations.
12/09/06 WebWire (press release), US
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