Air India, SATS handling JV gets green light
23 / 04 / 2010
AIR India and Singapore Airport Terminal Services (SATS) have agreed to form a 50/50 ground- and cargo-handling joint venture (JV) in Bangalore and Hyderabad.
The creation of the company – to be named Air India SATS Airport Services Private Limited (AISATS) – is expected to be completed next month
Air india’s chief managing director, Arvind Jadhav, said: “Combining our knowledge of the market and the strengths SATS has built from its over 60 years of experience, we are confident that this JV will gain superior capabilities and competitiveness".
SATS president and chief executive officer, Clement Woon said: “Our successful cooperation with Air India in Hyderabad and Bangalore has demonstrated the vast synergies that our partnership can potentially reap.
“We seek to deepen our participation in the privatisation of India's aviation sector and contribute to the growth of the industry,” Woon added.