SATS Ltd and Aeropuerto Internacional de Tocumen, S.A., the operator of Panama’s Tocumen International Airport, have announced the signing of a Memorandum of Understanding (MoU) that will see both parties explore strategic collaboration opportunities to both strengthen air cargo connectivity and support the development of Panama as a leading logistics gateway for the Americas.
Under the the MoU, the two companies will explore cargo area development at Tocumen International Airport, as well as and air cargo handling facilities and operations within Tocumen Cargo City.
The partnership is expected to leverage the strengths of both hubs in order to deepen trade connectivity, develop new cargo flows, and support the growing movement of goods between both Asia and the Americas, as well as create new jobs within the airport ecosystem.
Kerry Mok, President and Chief Executive Officer of SATS Ltd., said:Singapore’s development as a leading trade and logistics hub has been built on strong partnerships across the aviation and supply chain ecosystem. Drawing on our experience across major cargo gateways and our global network of over 225 stations in 27 countries, SATS is pleased to partner PTY as it advances its vision for Panama.
Together, we will explore opportunities to strengthen cargo capabilities, improve the movement of goods and support growing trade between Asia and the Americas.
Jose Ruiz Blanco, General Manager of Tocumen International Airport, said:Panama and Singapore share a natural role as strategic gateways for global trade and connectivity. Having seen Singapore’s logistics development firsthand, I understand the value that a long-term vision has brought to its growth.
This understanding with SATS gives us an opportunity to explore new capabilities for Tocumen, strengthen our cargo platform and expand trade connectivity between Asia and the Americas.
