SINGAPORE (April 19): CIMB Research believes potential investments by SATS’ biggest shareholder Temasek Holdings could birth a global giant in airline catering and ground handling services.
The state-owned investment firm, which holds a 43.2% stake in SATS, is said to be mulling stakes in two subsidiaries of debt-laden Chinese conglomerate HNA Group Co — Swissport Group and Gategroup Holding.
Swissport offers ground and cargo handling services at airports, while Gategroup is an airline caterer... (Click here to read the full story)