Swissport Tanzania Explained

Swissport Tanzania Plc.
Type:Public
Foundation:1985
Location:Julius K. Nyerere Road, Julius Nyerere International Airport, Dar es Salaam, Tanzania
Locations:4 airports
Area Served:Tanzania
Key People:Mrisho Bakari Yassin CEO
Services:Ground Handling
Cargo Services
Aircraft Maintenance
Aviation Security
Revenue: TSh 56.8 billion (2015)
Profit: TSh 18.1 billion (2015)
Num Employees:994 (2018)
Owner:Swissport International

Swissport Tanzania (also known as Swissport Tanzania plc.) is an aviation service provider in Tanzania. The company entered the Tanzanian market in 2001 after the acquisition of Dar es Salaam Airports Handling Company (DAHACO) by the parent company Swissport International. The company currently operates Ground handling, Cargo Handling, Aircraft maintenance and Fueling services at Julius Nyerere International Airport and Kilimanjaro International Airport. The company has also recently expanded its footprint due to the current growth saturation at the major airports into Songwe Airport and Mtwara Airport.[1] The company is a public company and was listed on the Dar Stock Exchange in 2003.

Ownership

The company has been listed on the Dar es Salaam Stock Exchange since 2003 and is traded under the symbol: SWIS.[2] [3] A majority 51% share is owned by the parent company Swissport International and the remaining 49% is placed for the public. SWIS stock is owned by institutions and private individuals as detailed in the table below:[4]

Rank !!Name of Owner!!Percentage Ownership
1 51
2 Other Investors on DSE 25
3 ACC Barca Global Master Fund 7
4 5
5 Public Service Pensions Fund 4
6 Parastatal Pensions Fund 3
7 Sayeed H. Kadri&/or Basharati Kadri 1
8 Standard Chartered Bank1
9 A/C Frontier Market Select Fund II L.P 1
10 G.A.K. Patel & Co. Limited 1
11 Social Action Trust Fund~1

Airport Network

thumb|250px|Qatar Airways at JNIA

Julius Nyerere International Airport

See also: Julius Nyerere International Airport. Julius Nyerere International Airport is the largest airport managed by Swissport Tanzania. Originally ground handling services at the airport were managed by Dar es Salaam Airports Handling Company (DAHACO) a majority government owned company since 1985. In 2000 the company was privatized and Swissport International acquired 51% stake making its entry into the country.[5] The company operates both ground handling and cargo handling at the airport and in 2014 the airport brought in around 80% of the company's revenue. The company also has a licence to provide Aircraft maintenance and re-fueling services, however has yet to serve any airline with those services. The company has been the sole operator of ground handling services at the airport however after 2014 the government liberalized the industry and began to issue licences to various companies.[6]

Kilimanjaro International Airport

See also: Kilimanjaro International Airport. DAHACO began Kilimanjaro International Airport ground handling services in 1990 and was the first expansion project from Dar-es-Salaam International Airport. The acquisition of DAHCO in 2000 added the airport to the company's portfolio. Swissport provides both ground handling and cargo services at the airport and is the only airport in the network that is facing declining revenue.[7] Swissport maintains a branch office in Arusha and operations for Kilimanjaro Airport Development Company are handled from the arusha branch.[8]

Songwe Airport

See also: Songwe Airport. Songwe airport began operations in 2012 and Swissport expanded its presence to the airport in October 2013.[9] Currently the airport is only served by Fastjet Tanzania and is swissports sole customer at the airport. The airport is destined to become a major cargo hub in the southern region of the country and swissport eyes on capturing the cargo market in the future.[10]

Mtwara Airport

See also: Mtwara Airport. Due to the slow growth at Dar-es-salaam and Kilimanjaro airports Swissport expanded into Mtwara airport. The airport was added to the Swissport Portfolio at the same time as Songwe Airport. With the increasing presence of companies in the south due to Oil and gas exploration, Swissport plans to capitalize on the growing demand for passengers and cargo into the region.[11]

See also

Notes and References

  1. Web site: Swissport. Kilimanjaroairport.co.tz. 17 January 2016.
  2. News: Edwin. Wilfred. Gov't Offloads Its Dahaco Shares. 17 January 2016. Business Times. AllAfrica. 11 April 2013.
  3. Web site: DSE - Listed Companies. dse.co.tz. Dar Stock Exchange. 17 January 2016. dead. https://web.archive.org/web/20150801110819/http://www.dse.co.tz/content/listed-companies. 1 August 2015.
  4. Web site: Swissport Tanzania Plc. Annual Report 2014. dse.co.tz. Swissport Tanzania. 17 January 2016.
  5. News: Mwamunyange. Joseph. Dahaco beats the odds to post an increase in operating profits. 17 January 2016. Nation Media Group. 14 March 2005.
  6. News: Mkama. Ashrey. Cargo Handling At JNIA Set to Improve. 17 January 2016. DailyNews. AllAfrica. 12 December 2014.
  7. Web site: Logistic Support. kilimanjaroairport.com. Kilimanjaro Airport Development Company. 17 January 2016.
  8. Web site: Kilimanjaro Branch. swissport.com. swissport. 17 January 2016.
  9. Web site: Swissport Tanzania Starts Service At Songwe Airport. aviationpros.com. 17 January 2016.
  10. News: Lyimo. Henry. Swissport Launches Services At Songwe Airport. 17 January 2016. Dailynews. AllAfrica. 31 October 2013.
  11. News: Thome. Wolfgang. Swissport Tanzania commences handling at Songwe. 17 January 2016. eturbonews.com. 3 November 2013.