SATS says exploring cargo joint venture in Oman

Singapore airport services and catering firm SATS said on Friday that it has signed an agreement with Oman Air and Oman Airport Management Company to explore a possible joint venture to develop and operate cargo facilities in the Gulf state.

SATS said the venture was still subject to further evaluation and due diligence. The company’s announcement to the stock exchange followed a report in an Oman newspaper that a full agreement had already been signed.