SATS bags contract to handle cargo operations at Bangalore new airport
16 May
2006 2036 hrs The
city-state is aggressively marketing its institutions in India through educational
fairs In just the
last couple of years, the number of Singaporean educational institutions marketing
their courses in IndiSINGAPORE: Singapore Airport Terminal Services (SATS) has
clinched a deal to run cargo operations at a new airport in Bangalore, India.SATS
is teaming up with Air India for the project in India's IT hub. The
consortium is one of two awarded a 20-year contract each to provide cargo handling
services at the upcoming Bangalore International Airport, which is expected to
start operations in two years. SATS
did not disclose any financial details in its filing to the Singapore Exchange. The
collaboration allows SATS, a unit of Singapore Airlines, to extend its footprint
in the South Asia market and marks its first cargo handling business in India. Cargo
at Bangalore is expected to triple in the next 10 to 15 years from the current
annual throughput of 120,000 tonnes. The
Singapore company's network of ground handling and airline catering operations
spans more than 20 airports in the Asia Pacific region. -
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