News / SATS confirms interest in $3bn WFS, but 'does it have the financial clout?'

Changi-based catering and gateway services company SATS has confirmed it is in talks to buy Worldwide Flight Services – but it was clear that no purchase price had been agreed.

Yesterday, Bloomberg reported that the Singapore company was considering the $3bn acquisition, but SATS said this was “materially inaccurate”.

SATS, with a heavy reliance on the passenger industry, has faced a challenging couple of years, sparking doubt over whether it has the financial clout to take over the world’s largest air cargo ...