TCR in GSE fleet sale and leaseback deal with SAS at Copenhagen Airport
12 November 2015
TCR International has signed a major contract through its subsidiary TCR Denmark with SAS for the purchase and leaseback of all vehicles providing ground services to the airline at Copenhagen Airport (CPH). Through this agreement, TCR has become the main supplier to SAS of all its GSE – comprising some 5,000 units - throughout most Scandinavian airports. TCR Denmark has already been providing GSE Services for some time to Menzies and WFS at Copenhagen Airport (CPH). According to the agreement, TCR acquires all SAS Ground Handling’s (SGH) GSE and takes over the ground handling company’s 56 technicians and employees. For this purpose, it will also build a brand-new 4,000-m² workshop at CPH. SAS Ground Handling CEO, Kjetil Habjorg, said: “SAS is very pleased to have signed this Scandinavian-wide agreement with TCR. This operation makes our handling division much more flexible. We have transferred a significant structure to TCR, consisting of eight workshops, more than 100 staff and 5,000 pieces of GSE. We rent this back in a flexible form which allows us to easily adapt our GSE fleet to both increases and decreases in our operation. We have been working for more than two years with TCR to close this entire agreement.” TCR’s first major contract in Scandinavia started in 2011 with the sale and rent-back of the entire fleet of Menzies’ GSE at Oslo Airport in Norway, an operation closely followed by the signature of contracts with ground handling company Aviator in 2012 and with SAS in 2014. In February 2015, TCR launched its subsidiary TCR Sweden, based on a long-term agreement with ground handler SGH, at three Swedish airports: Stockholm Arlanda, Göteborg Landvetter and Malmö. The operation included three workshops, more than 1,200 pieces of GSE equipment and included the integration of 25 people into TCR’s workforce. Today, TCR is present in 19 Scandinavian airports.