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March 2, 2005

Swissport handles its first flight in Singapore - four months earlier than planned

Zurich/Singapore, March 2, 2005 – Swissport commenced its operations at Singapore’s Changi Airport today, becoming the airport’s third ground handling provider. The new activities had been scheduled to commence in July; but, with intensive preparatory efforts, the original starting date has been brought forward a full four months.

So far, only two ground services companies have been operating at Singapore’s reputed Changi Airport. In issuing a third ground handling licence, the airport authority hopes to help ensure a more competitive market – a development that should be welcomed by all airline customers. For Swissport, today’s commencement of its new operation marks a further step in the group’s current expansion strategy – and a momentous one, given Singapore’s importance among airlines as a strong and still-growing air transport hub.

Swissport is also delighted to commence its operations at Singapore so far ahead of schedule. “Today, we take the first step towards becoming a significant player in the Singapore ground-handling market” says Peter Kohl, Managing Director of Swissport Singapore. “With a firm commitment to delivering high-quality ground-handling services at competitive rates, we are well positioned to succeed in the market. My gratitude goes to Swiss International Air Lines, our launching customer, as well as to the dedicated management team at the Civil Aviation Authority of Singapore, whose invaluable support and assistance have allowed us to commence operations four months ahead of schedule.”

CAAS Director General Wong Woon Liong is equally enthusiastic. “We warmly welcome Swissport as our third ground handler at Changi Airport,” he said. “We are convinced that our airlines will benefit from the greater choice of ground handling services now being offered. And we are delighted that Swissport has been able to start offering its services within so short a time.”

Swissport’s new licence at Changi is valid for ten years and covers passenger, baggage and cargo handling services. Swissport is currently in negotiations with further possible airline customers.

With a workforce of some 21 000 personnel, Swissport International Ltd. (which is majority-owned by London-based Candover Partners Ltd., a leading European buyout specialist) provides ground services for over 70 million passengers and three million tonnes of cargo a year on behalf of some 600 client companies. Swissport is active at 165 airports in 36 countries on five continents, and generated consolidated revenues of some CHF 1.4 billion (around USD 1.2 billion) last year.

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