SATS

SATS – Singapore Airport Terminal Services – is a provider of Airport Services and Food Solutions.
See below for the Latest SATS News, Analysis, Profit Results, Share Price Information, and Commentary.

SATS’ WFS expands with Menzies World Cargo acquisition in Netherlands

The acquisition will expand WFS’ warehouse capacity to more than 50,000 sq m at Amsterdam’s Schiphol Airport.

SATS wins 14 new cargo and ground handling contracts from Air India

Air India also renewed 11 contracts with SATS and its unit.

SATS divests 49% stake in Saudi Arabia unit for $51.7m

The divestment is part of its expansion in Saudi Arabia’s aviation and logistics sector.

Temasek and Tembusu cut stake in SATS

The parties sold 1.33 million shares.

SATS returns to profit with $65m Q1 gain on strong business volumes

A one-off gain from a loan settlement also helped boost profit.

Japan's Mitsui invests $36.4m to expand SATS food solutions in Asia

The investment will give Mitsui a 15% stake in SATS’ food solutions businesses.

SATS and SIAEC begin autonomous bus trials at Changi Airport in Q3

The initiative aims to boost airside productivity by automating driving tasks.

SATS splits gateway services business into two

Ground handling services now have APAC and Singapore divisions.

SATS upgrade airport lounges in Singapore

Improved Premier Lounge at Changi Airport Terminal 3 opened on 3 July.

SATS issues 4.3 million new ordinary shares 

They will be listed on the SGX beginning 2 July.

SATS finalises Sweden acquisitions

It acquired Terminal & Transporttjänst I Sigtuna AB and APH Logistics. 

SATS returns to black with $56.4m FY24 profit

The airport service company credited its improved performance to record revenue.

SATS names ex-Cisco executive as chairman-designate

Outgoing chair Euleen Goh will be appointed as advisor to the chairman.