Airport electrification: KfW IPEX-Bank provides financing for Swissport

KfW IPEX-Bank contributes to a recently closed EUR 170 million financing facility of ground support equipment for Swissport International AG (“Swissport”).

A significant portion of the funds will be directed toward acquiring electrified ground handling equipment, in line with Swissport's goal to reduce emissions across its global fleet. This investment underlines the company’s commitment to sustainable operations and reducing its environmental footprint. As part of this commitment, Swissport is aiming to achieve a 55% share of electric ground support equipment (GSE) fleets by 2032. To support this goal, the company has implemented a new procurement policy. Starting in January 2025, the policy stipulates that new vehicle across numerous categories, such as baggage transport vehicles, conveyor belts for loading luggage onto aircraft or mobile staircases for passenger boarding, can only be ordered in electric versions.

Swissport is the world´s leading provider of airport ground services and air cargo handling based on revenue and number of airports served (around 282 airports in over 44 countries across the world).

With this financing, KfW IPEX-Bank supports the transformation of the airport sector towards carbon neutral operations.