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 bags 5-year cargo handling contract from Emirates
WFS will provide its services for Emirates’ cargo arm at Frankfurt Airport.
SATS, Guangtai to explore advanced tech for airport ground support
The collaboration also includes a focus on training, engineering, and sustainability improvements.
SATS’ food segment headed for better profits but cargo faces uncertainty
The potential removal of a tax exemption rule in the US could impact its revenue.
SATS posts $70.4m profit in Q3 FY25
The group’s revenue also grew 12.5% YoY.
Asia Airfreight Terminal, SATS HK partner DHL to boost air cargo operations
The partnership will support air cargo movements through Hong Kong.
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 Thailand secures full ownership of SFST with final 15% stake buy
The remaining 15% stake was acquired for $3.4m.
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.
SATS swings back to black in H1 FY25 with $134.7m profit
In H1 FY 2024, it reported a $7.8m loss.
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.
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