APRIL 2017 AviationPros.com 9
BUSINESS BUZZ
Solutions to Unilode Aviation Solutions,"
Unilode president and CEO, Dr. Ludwig
Bertsch said. "Middle Eastern carriers are
the world's fastest growing airlines and
we are committed to support our custom-
ers' growth plans which may include the
purchase of additional assets and opening
of new stations in our ULD management
and repair network. We are confident that
our flexible and customer-centric way of
doing business will live up to the expec-
tations of Saudia and Saudia Cargo and
that our partnership will bring significant
benefits to all parties."
Hong Kong Airlines
Acquires SATS HK and AAT
Shares for Ramp and Cargo
Handling Services
Hong Kong Airlines, through its wholly
owned subsidiaries, has entered into Sales
and Purchase Agreements regarding the
acquisition of 51 percent shares of SATS
HK Limited and 35 percent shares of Asia
Airfreight Terminal Company Limited
(AAT) respectively, subject to the approval
from regulatory authorities and third
party consents.
More cooperation between Hong
Kong Airlines and the two companies is
expected in the future, which will support
the airline's increasing ground and cargo
handling needs.
"As an acclaimed full-service airline
firmly rooted in Hong Kong and the sec-
ond largest carrier at HKIA, Hong Kong
Airlines is committed to progress in step
with Hong Kong," Wang Liya, president
of Hong Kong Airlines said. "We have
experienced robust growth since our
establishment in 2006, as demonstrated
by our continuous growth in passenger
volume which reached 28 million over
the past decade, translating to a strong
compound annual growth rate (CAGR)
of more than 20 percent. The acquisi-
tions of SATS HK and AAT will not only
bring synergies to our increasing scale
of operations and establishments at the
HKIA, they also represent important
milestones in the evolution of our com-
pany to become a globally-recognized
carrier. We believe the acquisitions will
further step up our efforts in strength-
ening Hong Kong's position as the inter-
national aviation hub."
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