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Coffeeshop Chit Chat - Swissport May Quit Changi Airport</TD><TD id=msgunetc noWrap align=right>
Subscribe </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR class=msghead><TD class=msgF noWrap align=right width="1%">From: </TD><TD class=msgFname noWrap width="68%">SGNEWSALTE <NOBR></NOBR> </TD><TD class=msgDate noWrap align=right width="30%">9:01 am </TD></TR><TR class=msghead><TD class=msgT noWrap align=right width="1%" height=20>To: </TD><TD class=msgTname noWrap width="68%">ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 2) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft width="1%" rowSpan=4> </TD><TD class=wintiny noWrap align=right>3849.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>Hope others will learn this lesson, that not all that glitters is gold. If money can easily be made, will the Spore govt give it up so easily? Swissport is really taken for a ride, and in the end, the business will still end up on SATS's lap.
http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_314399.html
Swissport S'pore may quit Changi <!--10 min-->
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR></TR><TR></TR><TR><TD><!-- headline one : start --></TD></TR><TR></TR><TR><TD><!-- headline one : end --></TD></TR><TR><TD><!-- show image if available --></TD></TR></TBODY></TABLE>UP AGAINST tough competition from entrenched players and a worsening global recession, loss-making Swissport Singapore may pull the plug on its operations at Changi Airport.
The Straits Times understands that the Swiss-based ground-handling company, which offers passenger check-in, as well as baggage and cargo services, is in talks to sell its business, possibly to rival Singapore Airport Terminal Services (Sats).
Since it started operating at Changi in 2005, Swissport has chalked up losses of more than $50 million.
<HR SIZE=1>Edited 12/14/2008 12:02 pm ET by SGNEWSALTE</TD></TR><TR><TD> </TD></TR></TBODY></TABLE><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD class=msgleft width="1%"> </TD><TD class=msgopt noWrap width="24%">
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<!--PostMsgHTML--><SCRIPT language=JavaScript><!--if (adPosition == 1){ showGoogle(); }//--></SCRIPT><!--/PostMsgHTML--><!--PreMsgHTML--><!--/PreMsgHTML--><TABLE class=msgtablealt cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR class=msghead><TD class=msgF noWrap align=right width="1%">From: </TD><TD class=msgFname noWrap width="68%">rainnix <NOBR></NOBR> </TD><TD class=msgDate noWrap align=right width="30%">9:09 am </TD></TR><TR class=msghead><TD class=msgT noWrap align=right width="1%" height=20>To: </TD><TD class=msgTname noWrap width="68%">SGNEWSALTE <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (2 of 2) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft width="1%" rowSpan=4> </TD><TD class=wintiny noWrap align=right>3849.2 in reply to 3849.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>"entrenched players" = SATS = Temasek = Ho Jinx.
Everything goes back to a familee monopoly. More players will quit soon.
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http://www.straitstimes.com/Breaking%2BNews/Singapore/Story/STIStory_314399.html
Swissport S'pore may quit Changi <!--10 min-->
<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR></TR><TR></TR><TR><TD><!-- headline one : start --></TD></TR><TR></TR><TR><TD><!-- headline one : end --></TD></TR><TR><TD><!-- show image if available --></TD></TR></TBODY></TABLE>UP AGAINST tough competition from entrenched players and a worsening global recession, loss-making Swissport Singapore may pull the plug on its operations at Changi Airport.
The Straits Times understands that the Swiss-based ground-handling company, which offers passenger check-in, as well as baggage and cargo services, is in talks to sell its business, possibly to rival Singapore Airport Terminal Services (Sats).
Since it started operating at Changi in 2005, Swissport has chalked up losses of more than $50 million.
<HR SIZE=1>Edited 12/14/2008 12:02 pm ET by SGNEWSALTE</TD></TR><TR><TD> </TD></TR></TBODY></TABLE><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR><TD class=msgleft width="1%"> </TD><TD class=msgopt noWrap width="24%">
<!--PostMsgHTML--><SCRIPT language=JavaScript><!--if (adPosition == 1){ showGoogle(); }//--></SCRIPT><!--/PostMsgHTML--><!--PreMsgHTML--><!--/PreMsgHTML--><TABLE class=msgtablealt cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE cellSpacing=0 cellPadding=0 border=0><TBODY><TR class=msghead><TD class=msgF noWrap align=right width="1%">From: </TD><TD class=msgFname noWrap width="68%">rainnix <NOBR></NOBR> </TD><TD class=msgDate noWrap align=right width="30%">9:09 am </TD></TR><TR class=msghead><TD class=msgT noWrap align=right width="1%" height=20>To: </TD><TD class=msgTname noWrap width="68%">SGNEWSALTE <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (2 of 2) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft width="1%" rowSpan=4> </TD><TD class=wintiny noWrap align=right>3849.2 in reply to 3849.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>"entrenched players" = SATS = Temasek = Ho Jinx.
Everything goes back to a familee monopoly. More players will quit soon.
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