Air Services International and Pacific Arena join forces(1)


SINGAPORE - Air Services International and Pacific Arena have sealed a commercial agreement to strengthen cooperation between the two corporate travel agents.

This agreement will lead to an eventual merger or cross equity holding between the two companies, established players in the Singapore corporate travel market, with a combined turnover of S$70 million (US$40.8 million).

Both parties will align their business practices (purchasing, information technology and human resources) more closely, and undertake joint development in e-commerce.

“We have been successfully collaborating on a number of issues in the past, so it’s a logical move for us to try and consolidate our position in the market,” said Yap Soon Huat, managing director of Air Services.

Air Services is a key player in the government corporate travel market and has a specialist marine travel division and is active in the multinational corporations (MNC) and small and medium enterprise sectors.

Pacific Arena, which operates under the Arena Travel Management brand, has a strong client list among MNCs and local firms.

“One of our aims is to establish a network of affiliates in the region, this deal will provide us with a platform to create a new network” said Chung Kek Yoong, MD of Pacific Arena.

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