SATS acquires Menzies Aviation (HK)
Singapore Airport Terminal Services Limited (SATS) recently announced that the company has entered into an agreement to acquire 100 per cent of Menzies Aviation (Hong Kong) Ltd (MAHK) for approximately HK$18 million (US$2.3 million). MAHK is one of the four ground handling agents at the Hong Kong International Airport (HKIA). It is also one of […]
November 1, 2008
By PLA Editor
MAHK is one of the four ground handling agents at the Hong Kong International Airport (HKIA). It is also one of the four licensed ramp handlers at HKIA, having recently extended its franchise licence for another 10 years. Owned by Menzies Aviation PLC since November 2000, MAHK currently provides passenger and ramp handling services including baggage handling, load control and flight operations to 11 airlines. Amongst its key customers are Federal Express, Cebu Pacific, Air Canada, Orient Thai and Asiana Airlines.
The acquisition of MAHK will provide SATS with a ground and ramp handling business that complements its existing cargo operations at HKIA through its joint venture company, Asia Airfreight Terminal. With this acquisition, SATS will be able to broaden its service offerings to key airline customers at one more location, it said.
HKIA is located at the tip of the Pearl River Delta, which is a manufacturing zone for exports and accounts for onethird of China’s trade value. “There is no doubt that HKIA will remain a major gateway hub to China despite competition from other airports within the Pearl River Delta region owing to its historical positioning and keen competitiveness,” said Clement Woon, president and CEO of SATS. “We are excited with this opportunity to take part in the growth story of HKIA.”