Investment Group Acquires Stake In SATS Saudi Arabia, Forms JV

Credit: EyeEm Mobile GmbH/Getty Images
Newly formed Saudi Arabian investment vehicle Aviation Logistics Services Company (AVILOG) will acquire a 49% stake in SATS’ operations in Saudi Arabia, forming a strategic partnership that aims to grow the kingdom’s air cargo capability under the Vision 2030 program. The transaction is worth SAR147...
Chen Chuanren

Chen Chuanren is the Southeast Asia and China Editor for the Aviation Week Network’s (AWN) Air Transport World (ATW) and the Asia-Pacific Defense Correspondent for AWN, joining the team in 2017.

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