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SIA and SATS set to rule to skies amid new e-commerce partnership

Aviation & Engineering

SIA and SATS set to rule to skies amid new e-commerce partnership

Stanislaus Jude Chan Published on Fri, Mar 09, 2018 / 2:39 PM GMT+8

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SINGAPORE (Mar 9): UOB Kay Hian is upbeat on the Singapore aviation sector, following the teaming up of Singapore Airlines (SIA), SATS, and duty-free provider DFASS to offer inflight duty-free and duty-paid goods.

The brokerage is keeping its “market weight” rating on the sector.

SIA on Thursday agreed to subscribe to a 70% stake in inflight sales concessionaire DFASS SATS – a 50:50 joint venture company between DFASS and SATS’ wholly-owned subsidiary SATS Asia-Pacific Star (APS).

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SIA and SATS set to rule to skies amid new e-commerce partnership

Aviation & Engineering

SIA and SATS set to rule to skies amid new e-commerce partnership

Primary tabs

Error message

SIA and SATS set to rule to skies amid new e-commerce partnership

Aviation & Engineering

SIA and SATS set to rule to skies amid new e-commerce partnership

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