newstodate.aero
Dec 01, 2010 (newstodate): Swissport International has surprisingly announced its decision to cease its cargo handling operations in Hungary's Budapest Ferihegy Airport by January 31, 2011.
Swissport entered the Budapest air cargo market in 2004, and build up a portfolio of major airline clients.
In mid-2009, however, the Directorate of Air Transport of Hungary's National Transport Authority withdrew Swissport's regulated-agent status, claiming that a license was required for the company's off-airport operation and ordered the cessation of business activities.
Swissport challenged the ordinance in court and eventually prevailed, but the extended period of uncertainty forced virtually all Swissport customers to shift their handling business elsewhere.
Consequently, Swissport has reluctantly decided to exit the market in order to curtail its considerable losses.
Swissport entered the Budapest air cargo market in 2004, and build up a portfolio of major airline clients.
In mid-2009, however, the Directorate of Air Transport of Hungary's National Transport Authority withdrew Swissport's regulated-agent status, claiming that a license was required for the company's off-airport operation and ordered the cessation of business activities.
Swissport challenged the ordinance in court and eventually prevailed, but the extended period of uncertainty forced virtually all Swissport customers to shift their handling business elsewhere.
Consequently, Swissport has reluctantly decided to exit the market in order to curtail its considerable losses.