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Change at the top at Swissport International


Zurich/Madrid, January 19, 2007 – Joseph In Albon, President & CEO of Swissport International, the world’s leading provider of ground services to the aviation sector, has decided to leave the company to take on a new professional challenge. Santiago Olivares, who, as a member of the Swissport International Board of Directors, is fully familiar with the company and its business operations, will assume the duties of acting CEO with immediate effect. Joseph In Albon remains a member of the Swissport International Board of Directors.

Joseph In Albon assumed overall management responsibility for Swissport International (then known as Swissair Ground Services) with its three destinations of Zurich, Basel and Geneva in 1996. He went on to lead the company’s development in just ten years into the global market leader with 180 stations in 42 countries under the Swissport name.

The Board of Directors and Executive Management of Swissport International offer Joseph In Albon their warmest thanks for his exceptional commitment and his pivotal role in the company’s dynamic development over the past few years. With his forward-looking vision and his constant sense for pragmatic improvements, Joseph In Albon has helped give Swissport a strategy and a track record that have earned the respect and the admiration of the entire ground handling industry and its many business partners. He has also been instrumental in helping Swissport achieve above-average growth and an excellent market position. One and a half years after its acquisition from Candover, Swissport has now been integrated into the Ferrovial organisation; and Joseph In Albon will continue his collaboration with Swissport and Ferrovial as a member of the Swissport International Board of Directors in the new phase ahead.

Santiago Olivares (40), who is currently Director of the International Division of Ferrovial (and thus responsible for Amey UK and Swissport International), will assume overall interim responsibility for the Swissport Group with immediate effect.

Swissport, like the entire aviation industry, is currently in a phase of steady expansion, with positive projections for the 2007 business year. 2006 is likely to record substantial revenue growth for the Swissport Group, and further market successes are expected to be achieved over the next few months. Swissport will also continue to pursue its current strategy of profitable growth and of further cementing its leading position in the steadily-consolidating ground services market.

Swissport International Ltd., which is owned by Ferrovial, a leading European infrastructure and service corporation based in Spain, provides ground services for over 70 million passengers and 3.2 million tonnes of cargo a year on behalf of some 650 client companies. With its workforce of around 21 000 personnel, Swissport is active at 180 airports in 42 countries on five continents, and generated consolidated operating revenue of CHF 1 499 million (EUR 999 million or USD 1 315 million) in 2005. /


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