Ground handler Sats is restructuring its Gateway Services business to create two new units, the Singapore Hub and Gateway Services Asia-Pacific, starting October 1. This business segment currently encompasses comprehensive ground handling services essential for the smooth operation of airports, including passenger and baggage handling, aircraft services, security, and cargo handling.
Sats' restructuring underscores its commitment to bolstering Singapore's status as a premier aviation hub, alongside expanding its global footprint to capitalize on international growth prospects. The Singapore Hub division will concentrate on enhancing Sats' capacity to meet present and future requirements of Singapore's Air Hub, encompassing Changi Airport, Seletar Airport, and the associated aviation sectors. The goal is to enhance operational efficiency, performance, and overall user experience across Singapore's airports.
Following the restructuring, Henry Low, Sats' current COO, will transition to the role of CEO for the Singapore Hub. Meanwhile, Gateway Services Asia-Pacific will focus on expanding Sats' market presence across the region. This business unit will oversee operations at international airports, including Sats' network of stations throughout Asia Pacific via subsidiaries, joint ventures, and associated entities.
Bob Chi, the current CEO Gateway Services, will lead the business unit as Gateway Services Asia-Pacific CEO. "The restructuring announcement is aligned with Sats’ overarching goal and ambition to accelerate its growth into a global multinational corporation", says Sats president and CEO Kerry Mok. “The Singapore Hub represents our commitment to ensure the continued success of Singapore’s aviation sector and Changi Airport by providing Singapore’s airports with safe and efficient operations around the clock”, he added.
“We are proud of the reputation that Sats Gateway Services has earned in supporting airlines and customers at Changi Airport”, Mok adds. At 1:54 pm, Sats shares are trading 1 percent higher at $3.05, up 0.33 percent.