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 from its … [Read more...] about SATS profits even as aviation business down
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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
SATS acquires Menzies Aviation (HK)
Singapore Airport Terminal Services Limited (SATS) recently announced that the company has entered into an agreement to acquire 100 per cent of Menzies Aviation (Hong Kong) Ltd (MAHK) for approximately HK$18 million (US$2.3 million).MAHK is one of the four ground handling agents at the Hong Kong International Airport (HKIA). It is also one of the four licensed ramp handlers at HKIA, having recently extended its franchise licence for another 10 years. Owned by Menzies Aviation PLC since November … [Read more...] about SATS acquires Menzies Aviation (HK)
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