The hard work, innovative solutions and many successes of the air cargo community were celebrated last night at the Payload Asia Awards 2014, which honoured the very best in the industry at a spectacular gala dinner and awards ceremony held at the Marina Mandarin Hotel in Singapore. Guest of honour at the event was the Director-General of Civil Aviation Authority of Singapore (CAAS), Mr Yap Ong Heng. The awards cover some 22 categories of the air cargo sector, as well as three special … [Read more...] about Payload Asia Awards 2014
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SATS
SATS and Air India form JV for handling
Singapore Airport Terminal Services (SATS) and Air India today signed an agreement to form a single 50:50 joint venture (JV) company that will serve as the vehicle to house their three existing ground and cargo handling JVs in Bangalore and Hyderabad. To be named Air India SATS Airport Services Private Limited (AISATS), the JV company is in the process of being incorporated in New Delhi. In September 2008, SATS was chosen by Air India as its JV partner for ground handling in India. Prior to … [Read more...] about SATS and Air India form JV for handling
SATS records 26% growth in profit
Singapore Airport Terminal Services (SATS) has reported a S$40.9 million (US$20 million) profit for the three months to 30 September, up 26.2 per cent year-on-year, the second quarterly growth following four consecutive periods of declines. Turnover at the airport ground-handling and catering company grew 45.4 per cent to S$362.3 million, despite a 10 per cent drop in aviation revenue. A key factor in the firm’s robust results was the contribution from Singapore Food Industries … [Read more...] about SATS records 26% growth in profit
SATS records 26% growth in profit
Singapore Airport Terminal Services (SATS) has reported a S$40.9 million (US$20 million) profit for the three months to 30 September, up 26.2 per cent year on year, the second quarterly growth following four consecutive periods of declines. Turnover at the airport ground-handling and catering company grew 45.4 per cent to S$362.3 million, despite a 10 per cent drop in aviation revenue. A key factor in the firm's robust results was the contribution from Singapore Food Industries (SFI), a food … [Read more...] about SATS records 26% growth in profit
SATS profits even as aviation business down
Singapore Airports Terminal Services (SATS) has reported a 17 per cent rise in first quarter net profits, even though its aviation business has continued to flounder in line with the global economicdownturn. The ground-handling firm says that its net profit for the three months ended 30 June increased by S$5.9 million (US$4.1 million) to S$40.4 million, buoyed by a 44 per cent increase in group revenues to S$351.7 million. However, the Singapore Airlines subsidiary says that the revenues … [Read more...] about SATS profits even as aviation business down
SATS forms new low-cost handling unit
Singapore Airport Terminal Services Limited (SATS) has announced that it has formed a new subsidiary - Asia-Pacific Star Pte Ltd - to offer low-cost ground handling services for low-cost carriers (LCCs) at Singapore Changi Airport and further afield in the region. A wholly-owned subsidiary of SATS, Asia-Pacific Star will provide point-to-point ground handling services such as passenger, ramp and baggage handling, and aircraft interior cleaning with shorter turnaround time. It will begin … [Read more...] about SATS forms new low-cost handling unit
