SATS (SGX:S58) through its subsidiary, Asia Airfreight Terminal and SATS HK, a joint venture between Hong Kong Airlines and the company, established a partnership with DHL Aviation's commercial division, DHL Air Capacity Sales.
Through this partnership, SATS aims to improve Hong Kong's capabilities as a key air cargo hub, according to a company release on Thursday.
Under the partnership, AAT will oversee the cargo operations for key DHL network carriers, while SATS HK will deliver complete ground handling services.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.