GATEGROUP EYES JAL AND CATHAY’S FOOD UNITS

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By TESTCustomwebLP TESTCustomwebLP October 14, 2010 20:30

GATEGROUP EYES JAL AND CATHAY’S FOOD UNITS

Swiss caterer Gategroup Holding has indicated it is interested in acquiring the food units of Japan Airlines and Cathay Pacific Airways.

CEO Guy Dubois said that Gategroup will use a 200 million-Swiss franc ($209 million) capital increase to fund bids for airline kitchens in Asia and the Middle East.

“It’s a logical step that the suppliers will consolidate and grow together with the airlines, and Gategroup plans to be a player in this game,” Dubois said. “It’s a large market, with the biggest opportunities in the Asia-Pacific. And we have one global, ‘galactic’ competitor in Lufthansa.”

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By TESTCustomwebLP TESTCustomwebLP October 14, 2010 20:30
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