SATS, AirAsia Form Partnership for Airport Ground Handling Services

By Gaurav Raghuvanshi Features Dow Jones Newswires

SATS Ltd. (S58.SG) and Malaysian discount carrier AirAsia Bhd (5099.KU) Monday announced a partnership under which the two companies will jointly offer airport ground handling services in Southeast Asia.

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The two firms will own stakes in two separate companies that will grow ground handling businesses in Singapore and Malaysia and also explore expansion into other markets, AirAsia and SATS said in a joint statement.

Write to Gaurav Raghuvanshi at gaurav.raghuvanshi@wsj.com

(END) Dow Jones Newswires

October 30, 2017 06:22 ET (10:22 GMT)