Sats is the largest Asian Southeast climber thanks to the resurgence of air trips, acquisition of WFS

In Southeast Asia, airlines such as Vietjet, Thai Airways and Garuda Indonesia registered a two -digit revenue growth last year. But the most impressive performance did not come from a carrier, but from a company that keeps its feet on the ground.

SATS of Singapore, which provides a variety of services that include food preparation, air load management and passenger services, tripled their income in 2024, raising the company to No. 93, a jump of 134 places, in Southeast Asia this year. Sats was the biggest climber on this year’s list, not including newcomers.

Much of Sats’s income growth occurs after its complete acquisition of Worldwide Flight Services (WFS), a global air loading supplier. Sats bought the company for 1,300 million euros ($ 1.5 billion to current exchange rates) in an agreement announced in early 2023.

The acquisition of WFS by Sats now makes the company focused on Asia much more international player. WFS is the world’s largest load management company, and is an important player in both Europe and the Americas.

A combined Sats-WFS has a combined reach of more than 215 locations worldwide, covering commercial routes responsible for more than half of the global air load volume.

Sats’s story goes back to the first days of commercial aviation in Singapore, starting as the division of earth for Malayanes airlines. That airline was then divided into Singapore Airlines (SIA) and the Malaysian airline systems. SIA then established its land management business as a separate business in 1972.

Now, Sats is the main air load, land management and the service of care services on board the largest civil airport in Singapore, the Changi airport. Since then, Sats has expanded his footprint throughout Asia, forming joint companies in markets such as Continental China, Taiwan, Hong Kong, Philippines and Indonesia.

In your most recent financial report For the quarter that ends in March 2025, Sats reported a 13% increase in year -on -year income to reach 5.8 billion dollars of Singapore ($ 4.53 billion to current exchange rates), driven by a growth in the volume of business and the income contributions of its expanded network.

“Our load volumes have constantly exceeded the IATA global growth points, demonstrating our ability to take advantage of our expanded network to ensure new contracts,” Sats said in his annual report.

The company goals To reach 8 billion dollars from Singapore ($ 6.2 billion) in revenues for the end of its fiscal year 2029, thanks to a larger network, a growth in the passenger volumes of Asia and the Pacific and the role of Singapore as an aviation center.