SATS deepens China footprint with 90% stake in NWA

The deal gives SATS majority control of the China-based aviation food producer.

SATS Ltd said it increased its stake in Nanjing Weizhou Airline Food Corp. (NWA) to 90% after acquiring an additional 40% interest from founder and general manager Luo Bo.

In a 6 May statement, the Singapore-listed airline caterer and air cargo handler first invested in NWA in 2019 with a 50% stake. The latest transaction gives SATS majority control of the China-based aviation food producer, which specialises in frozen in-flight meals.

NWA operates production facilities in Nanjing and a network of assembly kitchens across China supplying airlines with frozen meals, snacks, and related food products.

SATS said the NWA has expanded since the pandemic, with revenue more than doubling as Chinese carriers increased adoption of frozen meal solutions for domestic flights.

According to SATS, the increased stake is intended to consolidate operations between NWA and its China food solutions business. The group said it plans to integrate production capabilities and align operating models across its China operations.

Follow the link for more news on

SATS

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia