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Sats sells US military contractor unit, to book net proceeds of US$45.6 million

The Edge Singapore
The Edge Singapore  • 2 min read
Sats sells US military contractor unit, to book net proceeds of US$45.6 million
Photo: Samuel Isaac Chua
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Sats has sold a subsidiary whose main business is to provide ground handling and fuelling services at various US military bases for an enterprise value of US$46 million, or $61.2 million.

Maytag Aircraft, as this unit is called, became part of Sats after the acquisition of Worldwide Flight Services last April. 

WFS, in turn, acquired businesses including Maytag earlier on Dec 2021.

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