ISG executive director Datuk Azmi Murad said the airport had been in constant talks with Malaysia Airlines and AirAsia to consider the ISG for its Istanbul route.
PETALING JAYA: AirAsia Bhd completed the corporate exercise between its ground handling unit and that of Singapore’s SATS Ltd (SATS), a move that will see the low cost carrier realise some RM360.29mil (S$119.3mil).
Under the exercise, AsiAsia’s Ground Team Red Holdings Sdn Bhd (GTRH) will acquire a 80% stake in SATS Ground Services Singapore Pte Ltd.
In return, SATS Ground Services Singapore will get 11.14% stake in GTRH.
Further to the exercise, AirAsia will dispose 38.6% in GTRH to SATS for S$119.3mil.
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