[icarus]

Not so easy. They are dealing with unions and complex regulation,  I believe many of the contracts for baggage handling is given by govt agencies with certain worker conditions in these countries. There is no competitive advantage WFS has. That is why it accumulated so much debt due to contracts with onerous hiring obligations.

Once SATS buys it, SATS will be a debt laden company. The only reason WFS is selling is it js becoming harder to refinance its debt pile which is growing.

This is all out foolish decision by SATS management to take short cuts for growth. The board should block it and sack the CEO.

This wouldnt be the first time a Singapore glc buys into foreign unionised entities. The heydays of the all-powerful unions are gone. 

The ceo/president has to do more to calm investors