On February 28th, 2023, SATS announced its acquisition of Worldwide Flight Services (WFS), a leading provider of airport ground handling and cargo services. This SATS acquisition is expected to significantly enhance its global presence, operational capabilities, and customer offerings in the airport ground handling and cargo services markets. The airline industry has seen significant changes in recent years, with increased competition and changing customer demands. In response, many airlines have been looking for ways to diversify their businesses and offer a broader range of services to their customers. The acquisition of WFS is part of this trend, and is aimed at expanding the airline’s offerings in the airport ground handling and cargo services markets. However, is it a good acquisition? A well thought out one? Let’s find out. SATS acquiring WFS benefits The benefits of the acquisition are clear. 1. The expanded global presence of SATS...