SATS-Air-India bag B'lore airport deal
One of two deals to build and operate a cargo terminal at India's IT hub has been won by a S'pore-India group.Updated: Apr 12, 2006 12:28 IST
One of two contracts to build and operate a cargo terminal at India's IT hub Bangalore's new international airport opening in 2008 has been bagged by a consortium of Singapore Airport Terminal Services (SATS) and Air-India, news reports said on Wednesday.
The agreement, the first cargo contract for the Singapore Airlines subsidiary, is expected to be signed before the end of the month.
The SATS-Air India team is also competing in the ground-handling category for the new airport, The Straits Times reported.
SATS provides in-flight catering at four other Indian airports - Mumbai, Chennai, New Delhi and Kolkata - through its two joint ventures, Taj-SATS Air Catering and Taj Madras Flight Kitchen.
SATS has 15 ground-handling and catering joint ventures in eight markets, including China, Vietnam, Taiwan and Indonesia.
Growth in this area will continue, "given the wave of airport upgrades and construction and significant airline capacity expansion in Asia," the newspaper quoted Citigroup aviation analyst Corrine Png as saying.
SATS is well placed to benefit "given its first-mover advantage and large portfolio of successful joint ventures in Asia," she added.