SINGAPORE (March 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...(click on link for full story on theedgesingapore.com)