ZICO Law network’s Malaysia and Singapore practices, Zaid Ibrahim & Co and ZICO Insights Law, are jointly advising AirAsia on its ground handling partnership with SATS in ASEAN.
The law network reported that under the terms of the partnership, SATS will acquire a 50% interest in AirAsia’s subsidiary, Ground Team Red Holdings (GTRH) in exchange for SATS’ 80% stake in SATS Ground Services Singapore (SGSS), SATS’ ground handling entity serving airlines at Changi Airport’s new Terminal 4, and aggregate cash consideration of S$119.3 million (US$88.5 million).
GTRH will be renamed SATS Ground Team Red Holdings, and will be the 50/50 joint investment vehicle of AirAsia and SATS that will hold stakes in both its Malaysia and Singapore ground-handling subsidiaries, Ground Team Red and SGSS, respectively.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章，欢迎成为我们的订阅会员成为我们的订阅会员。
