Gate Gourmet to enter Indian market

Zurich: Gate Gourmet, a global airline catering and logistics provider, has taken its first step to expand into India, one of the world's fastest growing economies.
The company has signed a Memorandum of Understanding (MOU) with Advani Hotels & Resorts India Ltd. for the transfer and sale of its flight catering unit, Airport Plaza Flight Services.
The enterprise is the sole airline caterer at the International Airport in Goa, a renowned beach resort on the Indian Ocean. Airline customers are primarily charter companies and domestic carriers.
The agreement is subject to due diligence and the approval of Advani's shareholders. Terms were not disclosed.
Founded in 1992, Gate Gourmet is the world's largest independent airline catering and logistics company.
03/05/07 Antara (press release), Indonesia

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Categories: Foreign May 2007, General Aviation May 2007