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SATS’ Japan Subsidiary Signs $325 Million Contract With Delta Airlines
Daily Bulletin | 24 June 2015
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SATS’ 59.4%-owned subsidiary in Japan, TFK Corporation (TFK), has secured a multi-year inflight catering contract worth about JPY30 billion (approximately $325 million) from Delta Air Lines.

TFK is expected to commence catering services to Delta at both Narita and Haneda International Airports in Tokyo by October this year.

The new agreement re-establishes SATS’ longstanding relationship of 22 years which had ended in 2009 following Delta’s merger with Northwest Airlines.

SATS  4.830 +0.01 +0.21%   
Business: Asia's leading provider of gateway services and food solutions. [FY19 Turnover] Food solutions (54.1%), gateway svcs (45.8%), others (0.1%).

Insight: May-19, FY19 revenue rose 6% to $1.8b driven by hi... Read More

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