SIA, Sats and DFASS to invest over S$35m in share subscription for travel retail JV

Singapore

SINGAPORE Airlines (SIA), ground-handler Sats and duty-free retailer DFASS will invest over S$35 million in travel retail joint venture KrisShop, which aims to offer targeted products and services for passengers.

The three companies first announced they were setting up KrisShop - previously Singapore Airport Duty-Free Emporium (SADE) - in March this year. KrisShop is being positioned as a travel retail business in Singapore, offering inflight and ground-based duty-free and duty-paid goods, as well as mail order and pre-order services.