Lufthansa plans to handle part of the flights of Lufthansa Group Airlines at Munich Airport itself later this year. A potential 100% acquisition of Swissport Losch GmbH & Co. KG at the Munich location from the current shareholders, Swissport Cargo Services Deutschland GmbH and Losch Airport Service München GmbH, could further enhance operational stability and reliability for Lufthansa Group Airlines' customers.
The acquisition is particularly subject to the granting of a license, the commercial agreement, and the approval of the relevant antitrust authorities. With this strategic letter of intent, Lufthansa is underscoring its commitment to the Munich location. As part of the planned takeover, Lufthansa intendeds to retain the jobs of the employees at Swissport Losch GmbH & Co. KG and to offer them long-term prospects. As part of the planned transaction, the existing shareholders will continue to provide advice on the development of self-handling.
"Securing jobs at Munich Airport and further developing the travel experience for our customers are of great importance to Lufthansa. Swissport Losch is a strong company with a long-standing partnership with Lufthansa. The company has outstanding employees who are characterized above all by their professionalism, commitment and service quality," says Jens Ritter, CEO Lufthansa Airlines and Hub Manager Munich.
"The future of Swissport Losch and its employees in Munich is very important to us. We are pleased that we can offer our employees a secure future with this perspective," says Marc Losch, CEO LOSCH Airport Service.
"We are proud to support Lufthansa in the transition to their self-handling setup on the basis of our long-term partnership with the Lufthansa Group at Munich Airport. Our global expertise, particularly at major aviation hubs, will contribute to the operational stability and the takeover of Swissport Losch by Lufthansa provides exciting prospects for Munich’s talented ground service professionals,” says Warwick Brady, President & CEO of Swissport International.
