The full-service carrier has today announced the completion of the purchase of 51% shares in SATS HK Limited.
A Sales and Purchase Agreement to complete the acquisition was entered into with SATS on March 17 this year, through Hong Kong Airlines' wholly owned subsidiary, Voltaire Capital Investment. The transaction was successfully finalised on July 31, when SATS HK ceased to be a subsidiary of SATS.
With the new majority share, Hong Kong Airlines will now be able to provide more comprehensive ground handling services at its home base Hong Kong International airport, as well as enhance its overall service quality.
SATS HK will continue to provide ground handling services to other airline clients as well, with an enlarged scale of operations through this new strategic partnership with Hong Kong Airlines.
