newstodate.aero
Jan 21, 2013 (newstodate): Swissport will have to wait until January 30, 2013, for the second hearing in the case between its Ukrainian subsidiary Swissport Ukraine and its JV co-owner, Ukraine International Airlines.
The case was originally slated for January 6, 2013, but the hearing has been postponed with short notice.
Swissport Ukraine launched business from June 1, 2006, at Kiev Boryspil Airport in a JV with Ukraine International Airlines holding 30 percent of the shares.
A rift however developed after a Board Meeting on March 6, 2012, when Swissport raised the issue off the formal agenda of a future recapitalization of the JV.
While this was allegedly raised as a topic for discussion after the formal agenda only, UIA's owner since 2011, Israeli national Aron Mayberg claims that the carrier's minority rights have been violated while Swissport Ukraine claims it has been targeted by what it terms "a hostile corporate raider attack" by UAI.
The case was originally slated for January 6, 2013, but the hearing has been postponed with short notice.
Swissport Ukraine launched business from June 1, 2006, at Kiev Boryspil Airport in a JV with Ukraine International Airlines holding 30 percent of the shares.
A rift however developed after a Board Meeting on March 6, 2012, when Swissport raised the issue off the formal agenda of a future recapitalization of the JV.
While this was allegedly raised as a topic for discussion after the formal agenda only, UIA's owner since 2011, Israeli national Aron Mayberg claims that the carrier's minority rights have been violated while Swissport Ukraine claims it has been targeted by what it terms "a hostile corporate raider attack" by UAI.