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GATEWAY services and in-flight catering solutions provider Sats has restructured its gateway services business to form two new business units, Singapore Hub and Gateway Services Asia-Pacific.
On Wednesday (Jul 10), the group said its restructuring of its gateway services business reflects its strategic decision to continue investing in Singapore, while scaling its international presence to capture growth opportunities overseas.
Each unit will target growth in “distinct and important market segments”, it added.
Singapore Hub will focus on driving aviation hub competitiveness in Singapore. By focusing on Singapore as a standalone market, Sats said this will strengthen the group’s ability to support current and future needs for Singapore’s air hub which groups Changi Airport, Seletar Airport, and the aviation industries at these gateways.
Sats president and chief executive officer, Kerry Mok, said this new unit represents the group’s “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”.
Meanwhile, Gateway Services Asia-Pacific will concentrate on growing Sats’ Asia-Pacific market share, managing the group’s operations at overseas airports including its network of overseas stations via its subsidiaries, joint ventures and associates.
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Sats chief operating officer Henry Low will assume the post of chief executive of Singapore Hub, while Bob Chi, who is currently chief executive of the gateway services division, will be re-designated as chief executive of Gateway Services Asia-Pacific.
Both appointments will take effect from Oct 1 this year.
Mok said: “I am confident Bob has the experience, drive and network that will place Gateway Services Asia-Pacific on a strong footing to create long-term value for Sats through increased market share in the international arena.”
Shares of Sats were trading S$0.01 or 0.3 per cent higher at S$3.05 as at 1.20 pm on Wednesday, after the news.
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