Singapore Airlines (SIA) has launched initial public offerings for 11% each of expansion-minded SIA Engineering (SIAEC) and Singapore Airport Terminal Services (SATS). SIAEC chief executive Chew Leng Seng expects new work on the back of Asian traffic growth and increased outsourcing, while SATS chief executive Prush Nadaisan is targeting "strategic acquisitions" overseas.

Source: Flight International

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