SINGAPORE (Mar 8): Airport gateway and food solutions provider SATS says Singapore Airlines (SIA) has agreed to subscribe for a 70% stake in inflight sales concessionaire DFASS SATS.

DFASS SATS is a 50:50 joint venture company between DFASS and SATS Asia-Pacific Star (APS).

APS, a wholly-owned subsidiary of SATS, is a travel-related retail business offering inflight and ground-based duty-free and duty-paid goods, as well as mail order and pre-order services.

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