Singapore Airlines 2007 Annual Report Download - page 32

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Singapore Airlines 30 Annual Report 2006-07
Singapore Airport Terminal Services Ltd
Singapore Airport Terminal Services (SATS) Group earned a
profi t attributable to equity holders of $178 million in the
year in review.
SATS remained strong in the face of strong local
competition. It secured many contract renewals as well as
attracted new clients at Singapore Changi Airport. During
the year, Malaysia Airlines outsourced its passenger
handling services in Terminal 2 to SATS. SATS was also
engaged to handle Cebu Pacifi c operations at
the Budget Terminal.
The year in review also saw the launch of the refurbished
SATS Premier Club in Changi Airport’s Terminal 1, and the
installation of 14 Auto Check-in Machines at Terminal 2.
Expansion into the region continued, with signifi cant
contract wins in India and China.
Subsidiaries
SATS, in partnership with Air India, won the cargo
and ground handling franchises at the upcoming new
Bangalore International Airport. Taj-SATS Air Catering,
a SATS associated company, was awarded the infl ight
catering franchise as well.
In China, SATS associated companies, Beijing Aviation
Ground Services and Beijing Airport Infl ight Kitchen,
extended their reach to eight regional airports in China.
SIA Engineering Company
SIA Engineering Company (SIAEC) Group earned a profi t
attributable to equity holders of $242 million in the
fi nancial year ending 31 March 2007.
In July 2006, SIAEC signed a memorandum of
understanding with the Wadia Group of India to form a
Joint Venture Company to offer maintenance, repair and
overhaul services in India.
OPERATING REVIEW