July 30, 2014 4:32 PM ET

Transportation Infrastructure

Company Overview of Servisair Group Limited

Company Overview

Servisair Group Limited provides aviation ground services. It offers ground handling services, such as passenger and ramp/technical services, passenger check-in, ticketing, boarding, lost and found, irregularity handling, security screening, baggage loading, pushback, towing, repositioning, aircraft cleaning, toilet/water, aircraft de-icing, load control, communications, flight operations, dispatch, line and GSE maintenance, and supervision. It offers cargo processing services, such as cargo warehousing, aircraft loading and unloading, trucking, documentation, dangerous goods handling, customs brokerage, freight forwarding, supervision, and capacity control; and into-plane fuelling services,...

Servisair House

Hampton Court

Manor Park

Runcorn,  WA7 1TT

United Kingdom

Founded in 1967

5,905 Employees

Phone:

44 1928 570120

Fax:

44 1928 570220

Key Executives for Servisair Group Limited

Chairman and Chief Executive Officer
Chief Operating Officer
Vice President of Business Development and Executive Vice President UK Ground Handling
Senior Vice President of Business Development - USA Region
Executive Vice President of USA Region
Compensation as of Fiscal Year 2014.

Servisair Group Limited Key Developments

Servisair Reports Earnings Results for the First Half Ended March 31, 2013

Servisair reported earnings results for the first half ended March 31, 2013. For the period, the company reported revenue of €357.0 million against €323.7 million a year ago. Recurring EBITDA was €37.8 million against €21.3 million a year ago. Recurring operating profit was €26.0 million against €9.9 million a year ago. Operating profit was €24.0 million against €8.5 million a year ago. Servisair's revenue increased by 10.3% compared with the same period last year. The main effects contributing to this growth were: The consolidation of revenue derived from the acquisition of Handlex in June 2012; Above-average aircraft de-icing activity, which is dependent on weather conditions and was significantly below average last year; Growth in Cargo-related services stemming from the gain or ramp-up of new contracts. Recurring EBITDA amounted to €37.8 million, or 10.6% of revenue, giving Servisair the ratio of recurring EBITDA to revenue in the entire company. Compare with the previous year, the increase was 77%.

United Protection Security Group Inc. Executes a Memorandum of Understanding with Servisair

United Protection Security Group Inc. announced that the company has executed a Memorandum of Understanding with Servisair. The parties entered into a Memorandum of Understanding dated December 14, 2012, whereby the Parties expressed a mutual Objective, namely, ‘to establish, initially at the Edmonton International Airport, in Alberta, Canada, a Facility to screen, in compliance with certain standards set by the U.S. Transportation Security Administration, 100% of all air cargo destined for the United States of America and to be shipped via the Edmonton International Airport’. The parties acknowledge that the parties at other airport facilities have identified other possible mutual Objectives, additional to the mutual Objective expressed in the Memorandum of Understanding, across Canada. The parties acknowledge and agree: that the regulatory authorities having jurisdiction continue to develop obligations and requirements for approved participants, registered shippers and other parties involved in air cargo security, both in Canada and elsewhere; and, accordingly, the parties agree to better identify the appropriate vehicle or entity with which to further the ACSV; that their relationship is not limited by reference to Aviation Cargo Security programs of Canada or of any jurisdiction; and that their relationship is mercantile in the ordinary meaning of the word; and that they intend their dealings to be in the ordinary course of business; and, that the parties will continue to proceed on the basis of sharing equally in the costs to establish and to operate the Facility; and thereafter on the basis of sharing equally in the profits of the Facility.

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