Hong Kong Airlines has completed the transaction
to acquire 51% shares of SATS HK Limited.
Hong Kong Airlines, through its
wholly owned subsidiary Voltaire Capital Investment Limited, entered into a Sales and Purchase Agreement with SATS
Limited regarding the acquisition of 51% shares of SATS HK.
The completion of the transaction enables Hong Kong Airlines
to provide more comprehensive ground handling services at its home
base at Hong Kong International Airport.
SATS HK will continue to provide ground handling
services to other airline clients.