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Swissport to acquire majority stake in AFS 17 July 2015

AFS is the largest provider of into-plane-fuelling services in Germany

Swissport International has signed an agreement with Air BP regarding the acquisition of Air BP’s share in AFS Aviation Fuel Services GmbH (AFS). This means that Swissport is taking over Air BP’s 50.0% stake in AFC (the holding company of AFS) and its 33.3% direct stake in AFS, as well as all AFC and AFS subsidiaries/associates.

AFS is the largest provider of into-plane-fuelling services in Germany with operations at 10 German as well as two Austrian airports. The acquisition is subject to approval by German and Austrian competition authorities.

Upon competition clearance Swissport will own a majority stake of 66.6% (through direct and indirect shareholding) of AFS and assume operational and financial control of the business in close cooperation with the co-shareholder DLH Fuel Company mbH, a 100.0% subsidiary of Deutsche Lufthansa AG.

AFS Aviation Fuel Services GmbH has been specialising in aircraft refuelling services and is an airport tank farm and into-plane-fuelling operator since 1986. AFS is active at 10 German as well as two Austrian airports either through own branches or as operator on behalf of oil consortiums/joint ventures. AFS has a strong position at all the stations it operates and comprises about 440 employees and 150 fuel vehicles.

AFS’s track record in terms of safety performance, industry expertise, managerial know-how and service quality combined with the global network and customer base of Swissport and co-shareholder Lufthansa, make the joint venture company perfectly equipped to strengthen its offering in fuelling services and to capitalise upon future opportunities to the benefit of its customers.