SATS convened an Extraordinary General Meeting at Singapore EXPO, Hall 1 (APEX) and by way of electronic means on Wednesday, 18 January 2023 at 2:30 pm.
Led by SATS, the combined group will have a greater ability to capitalise on growth across the cargo supply chain, and benefit from stronger demand for eCommerce and specialised cargo handling.
SATS on 28 September 2022 announced a proposed acquisition of WFS, the world’s largest air cargo handling firm, to create a global leader in the aviation services sector. This strategic acquisition will advance SATS’ twin-engine growth strategy, expanding its network and capabilities in Asia and globally, while continuing to strengthen its Singapore core.
FY2022 Pro Forma Revenue
(before SFRS(I) adjustment)
FY2022 Pro Forma Revenue
(after SFRS(I) adjustment)
FY2022 Pro Forma EBITDA
(before SFRS(I) adjustment)
FY2022 Pro Forma EBITDA
(after SFRS(I) adjustment)