“Operations is a highly dynamic world,” she explains. “Whenever we notice a specific trend causing inefficiencies, we collaborate to streamline our processes.”
SATS helps Changi Airport maintain its world-leading position through continuous innovation, implementing new technologies to improve efficiency, upskilling staff, and adopting global best practices.
Key to this evolution was SATS' acquisition of Worldwide Flight Services (WFS), the global cargo logistics leader with extensive operations in the Americas, Europe, the Middle East and Africa (EMEA) — an opportunity surfaced through its largest shareholder Temasek's global networks.
Formerly a leading regional Asian player, SATS decided to expand beyond its stronghold partly in response to COVID-19, which severely disrupted its core aviation catering business. Focusing on Singapore and Asia Pacific slowed recovery as these regions reopened later than the Americas and EMEA.
Today, SATS is present in the Asia-Pacific, the Americas and EMEA, powering a connected world of trade, travel and taste.
"When working with our portfolio companies, we focus on future growth potential, relevance, and resilience through economic volatility. SATS was then heavily concentrated in Asia," says Juliet Teo, Joint Head of Temasek's Portfolio Development Group. "After weathering difficult times, they independently assessed the risks and recognised that global cargo handling offers resilience across market cycles."
In 2023, SATS completed the acquisition with support from its shareholders. Temasek voted in favour of the deal and, along with other shareholders, participated in SATS’ S$800 million rights issue to help fund the purchase.
The acquisition transformed SATS from an Asia-focused operator into a global leader in air cargo handling services. Today, it stands as the world’s largest air cargo handler, with a presence in over 225 locations spanning 27 countries, and a workforce of over 55,000 employees worldwide.
Resilience forged through expansion
With its end-to-end network, SATS can streamline services through data sharing, greater cargo visibility, and an optimised supply chain from origin to destination – delivering more connected and dependable solutions across its global network.