en.Wedoany.com Reported - Swissport International AG has signed a binding agreement to acquire Swiftair Maroc. Swiftair Maroc is a cargo handling specialist at Casablanca's Mohammed V International Airport, which handles approximately 95% of Morocco's air freight.

Swiftair Maroc operates a 3,700-square-meter (approximately 40,000-square-foot) airside warehouse equipped with dedicated temperature-controlled infrastructure, including cold rooms for pharmaceuticals and perishable goods.

Swissport President and CEO Warwick Brady stated that Morocco is a "dynamic and rapidly growing market," and the deal aligns with the company's strategy to expand its global cargo business. He noted: "As a key gateway between Europe, Africa, and the Americas, Morocco supports strong export industries such as automotive, aerospace, agriculture, and textiles, while also facilitating critical imports." Swiftair Founder and CEO Salvador Moreno said the divestiture is part of Swiftair's strategy to exit non-core activities and further consolidate its leadership in the air cargo market.

Driven by Morocco's expanding export base and strategic geographic location, the country's air cargo market has experienced steady growth.

Dirk Goovaerts, CEO of Swissport Continental Europe, Middle East, Africa, and India, and Global Cargo Chair, stated that the deal presents "a clear opportunity to increase capacity and enhance capabilities in handling high-value and specialized cargo."

Swissport Maroc currently provides ground handling services at 16 airports nationwide, operates executive aviation fixed-base operator services in Marrakech, Casablanca, and Tangier, and also manages 10 airport lounges across nine locations under its Aspire brand.

The transaction is subject to regulatory approvals and other customary closing conditions.

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