KUCHING: The proposed joint venture partnership between AirAsia Bhd (AirAsia) with the chief ground-handling and in-flight catering service provider at Singapore Changi Airport, SATS Ltd (SATS) will complement AirAsia’s long-term expansion plans in Asean.
In a corporate update, researchers with MIDF Amanah Investment Bank Bhd (MIDF Research) saw that both parties completed the share-swap agreement transaction yesterday.
AirAsia is currently in the midst of transferring 38.6 per cent of its equity stake in Ground Team Red Holdings Sdn Bhd (GTRH) to SATS for a total consideration of RM360.2 million.
Read more: http://www.theborneopost.com/2018/01/06/airasia-sats-jv-to-complement-airasias-expansion-plans/
SATS update: https://www.sats.com.sg/Media/NewsContent/4Jan18-Update%20on%20the%20joint%20ventures%20with%20AirAsia%20Berhad-.pdf
