SATS partners AirAsia to grow ground handling business across Asean

SINGAPORE (Oct 30): SATS, the provider of gateway services and food solutions, and AirAsia, the low-cost carrier airline, will be entering into a ground handling partnership to tap the fast-growing Asean air travel market.

SATS has formed a new ground handling entity, SATS Ground Services Singapore (SGSS) to serve customers at Changi Airport’s new Terminal 4.

Under the terms of the partnership, SATS will acquire a 50% interest in Ground Team Red Holdings (GTRH) in exchange for SATS’ 80% stake in SGSS and aggregate cash consideration of $119.3 million.

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