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SINGAPORE - Airport ground handling firm Swissport International may shut or sell off its loss-making Singapore operations amid the worsening outlook for the aviation sector, the Straits Times reported on Monday.
The paper said the Swiss firm, part of Spain's Grupo Ferrovial, is in talks to sell its business at Singapore's Changi Airport to rivals including Singapore Airport Terminal Services.
Swissport's Zurich-based spokesman Stephan Beerli said the firm was evaluating the future of its Singapore operations but declined to give details, the paper said.
SATS, a unit of flag carrier Singapore Airlines, could not be contacted for comment.
Swissport, which started operations at Changi in 2005, has chalked up losses of more than S$50 million to date, the Straits Times said.
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