Chinese express giant SF has selected Changi Airport to be its first overseas hub as it looks to capitalise on growth in Southeast Asia and South Asia.
In order to develop the airport as its hub, the express group has signed a Memorandum of Understanding (MoU) with Changi Airport Group (CAG) that will see Singapore act as a hub for SF’s business heading to/from Southeast Asia, South Asia and Oceania.
Under the MoU, the two aim to capitalise on Asia Pacific’s “long-term economic growth”, particularly the rapidly expanding air trade within the region, and between the region and the rest of the world.
“The partnership will leverage Singapore’s strategic location and Changi Airport’s role as a global consolidation and transhipment hub,” the two said in a press release.
Changi Airport said that the agreement would support high-value cargo flows and the evolving needs of regional and international supply chains.
Yam Kum Weng, CAG’s chief executive, said: “CAG looks forward to supporting SF Group as it expands its air connectivity and logistics capabilities at Changi.
Dick Wong, SF Group’s chairman, executive director and general manager, added: “Through deeper cooperation with CAG, SF will further optimise its resources across the Southeast Asia, South Asia and Oceania regions.
“Building on Singapore’s strong connectivity and partnership ecosystem, we are committed to providing more competitive cross-border logistics solutions to global customers and creating greater value for customers amid a complex and rapidly changing global trade environment.”
SF Group is the largest integrated logistics service provider in China and Asia, and the fourth largest in the world.
Meanwhile, SF Airlines, its aviation arm, is China’s largest cargo airline with a fleet of more than 90 freighters. It currently operates daily freighter services between Singapore and Shenzhen.
