MUNICH- Lufthansa Group Airlines is poised to expand its operational control at Munich Airport (MUC) through a strategic acquisition initiative that will commence later this year.
The German aviation giant has set its sights on acquiring complete ownership of Swissport Losch GmbH & Co. KG’s Munich operations, currently under the joint ownership of Swissport Cargo Services Deutschland GmbH and Losch Airport Service München GmbH.
Lufthansa Ground Handling in Munich
The proposed acquisition represents a significant move to strengthen Lufthansa’s service reliability and operational efficiency at one of its key hub locations.
The transaction hinges on three critical factors: securing the necessary licensing, finalizing commercial agreements, and obtaining clearance from antitrust regulators.
In a demonstration of its commitment to workforce stability, Lufthansa has pledged to preserve all existing positions at Swissport Losch GmbH & Co. KG.
The airline aims to provide these employees with sustainable career opportunities within its expanding operations. This workforce integration strategy aligns with Lufthansa’s broader vision for enhancing its presence in Munich.
Executive Remarks
Lufthansa Airlines’ CEO and Munich Hub Manager Jens Ritter emphasizes the company’s dedication to workforce security and customer experience enhancement at Munich Airport.
Ritter acknowledges Swissport Losch’s exceptional partnership with Lufthansa, highlighting the company’s workforce for their professional excellence and service commitment.
Marc Losch, CEO of LOSCH Airport Service, expresses satisfaction regarding the secure future awaiting Swissport Losch employees in Munich. The arrangement promises stable employment prospects for the current workforce, reinforcing the company’s commitment to its personnel.
Warwick Brady, President and CEO of Swissport International, confirms the organization’s support for Lufthansa’s transition to self-handling operations at Munich Airport.
Brady emphasizes Swissport’s global expertise at major aviation hubs as a valuable asset in ensuring operational stability. The acquisition presents new opportunities for Munich’s ground service professionals, leveraging Swissport’s extensive experience in the aviation sector.
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