Swissport International has lost control of its subsidiary Swissport Ukraine due to a binding court action.
The global ground services provider says that the court decision was an "unfortunate consequence of a successful hostile raider attack of Ukraine International Airlines [UIA] and its main shareholder" Aron Mayberg, in a statement. It calls the legal claims "alleged violations of [legal] formalities".
Swissport says that it intends to re-enter the Ukraine market.
"We very much regret the difficulties and impact the court decision and the hostile approach of UIA has caused to us and may cause to our esteemed customers and business partners," says Juan-José Andrés Alvez, executive vice-president of ground handling for Europe, Africa and Latin America at Swissport.