Swissport gets $170 million in U.S. financial assistance

[July 13, 2020]  ZURICH (Reuters) - Aviation services provider Swissport said its North American unit will receive $170.4 million in financial assistance under a payroll support programme agreed with the U.S. Department of Treasury to be able to keep paying employees in the United States during the COVID-19 pandemic.

Before any funds received under the U.S. Cares Act, Swissport's liquidity amounted to approximately 340 million euros ($385 million) at the end of June, the group owned by China's HNA Group said in a statement on Monday.

(Reporting by Silke Koltrowitz; Editing by Michael Shields)

[© 2020 Thomson Reuters. All rights reserved.]

Copyright 2020 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.  Thompson Reuters is solely responsible for this content.