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Hong Kong Airlines Completes the Acquisition of 51% shares of SATS HK Limited

Date: 2017-08-01

Hong Kong Airlines (the “Company”) is pleased to announce that the transaction of 51% shares of SATS HK Limited (“SATS HK”) has been completed on 31 July 2017. The Company, through its wholly owned subsidiary Voltaire Capital Investment Limited (“VCIL”), 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 Hong Kong International Airport (“HKIA”), as well as to enhance its overall service quality while the airline’s business keeps going global.


SATS HK will also continue to provide ground handling services to other airline clients with an enlarged scale of operations through this new strategic partnership with Hong Kong Airlines.


About Hong Kong Airlines

Established in 2006, Hong Kong Airlines is a full-service airline firmly rooted in Hong Kong. It has grown remarkably in just ten years with a wide destination network covering over 30 major cities across the Asia Pacific region, including Gold Coast, Auckland, Beijing, Shanghai, Taipei, Tokyo, Sapporo, Seoul, Bangkok, Bali and Okinawa, and extending its reach to North America in 2017 with the launch of Vancouver route. The Company has also signed agreements with 17 codeshare and 76 interline partners. The current operating fleet is made up of 33 Airbus aircraft, consisting of 29 passenger aircraft and 4 freighters. With an average age of around 5.0 years, Hong Kong Airlines operates one of the youngest fleets in the world. Hong Kong Airlines has been awarded the internationally acclaimed four-star rating from Skytrax since 2011. It was also the winner for Asia’s Leading Inflight Service in World Travel Awards 2015. 

 

For more information, please visit:

Official website: www.hkairlines.com

Facebook: www.facebook.com/hkairlines

Sina Weibo: weibo.com/hongkongairlines

WeChat and Instagram ID: hkairlines

LinkedIn: www.linkedin.com/company/hong-kong-airlines