KfW IPEX-Bank has joined a EUR 170 million financing initiative to support Swissport International AG in its efforts to enhance its ground support equipment. A significant portion of this funding will be allocated to acquiring electrified ground handling equipment, aligning with Swissport's goal of reducing emissions within its global fleet.
The investment highlights Swissport's commitment to sustainable operations and reducing its environmental impact. The company aims for a 55% share of electric ground support equipment (GSE) fleets by 2032. To achieve this, Swissport will implement a new procurement policy starting in January 2025, mandating that new vehicles across various categories must be electric. These categories include baggage transport vehicles, conveyor belts for loading luggage onto aircraft, and mobile staircases for passenger boarding.
Swissport is recognized as the leading provider of airport ground services and air cargo handling based on revenue and the number of airports served. It operates at approximately 282 airports across over 44 countries worldwide.
KfW IPEX-Bank's financing supports the transformation towards carbon-neutral operations in the airport sector.