Hong Kong Airlines (HX, Hong Kong International) has completed its purchase of 51% of ground-handling provider SATS HK. The sale and share purchase was conducted through its wholly owned investment unit Voltaire Capital Investment Limited (VCIL).
Prior to the sale, SATS HK was a subsidiary of Singapore-based SATS which provides gateway services and food solutions at airports in Japan, China, Taiwan, Hong Kong, the Philippines, Singapore, India and the Maldives. In a statement, the company confirmed that "[f]ollowing the completion of the Transaction, SATS HK has ceased to be a subsidiary of the Company."
Hong Kong Airlines has said that SATS HK will continue to provide services to its existing clients, while also improving the airline's own operations.
"The completion of the transaction enables Hong Kong Airlines to provide more comprehensive ground handling services at its home base Hong Kong International Airport, as well as to enhance its overall service quality while the airline's business keeps going global."
Hong Kong Airlines is currently undergoing a period of expansion, as this year it will welcome the first of its incoming fleet of A350-900s, and will make its United States debut with Los Angeles International flights starting in mid-December.
