IHC Obtains Extension for Its Delhi Air Catering Unit

London: India Hospitality Corp. today announced that it has obtained a contract extension for its Delhi Air Catering Unit until March 2011. The contract was originally set to expire in March 2009.
The extension enables SkyGourmet to continue its operations in the state-of-the-art facility and grow its business from the existing facility, which was built in March 2007, without incurring any additional capital expenditures. As a part of the privatization initiative, Delhi International Airport is currently being remodeled and expanded by a consortium led by GMR Group, which will position Delhi as the largest airport in India and amongst the biggest in Asia.
"We are pleased to extend our relationship with Delhi International Airport and look forward to its expansion," said Chief Executive Officer Ravi Deol. "This extension provides additional cash flow visibility for SkyGourmet and demonstrates that SkyGourmet remains the premier air catering service in India."
22/04/09 PRNewswire

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Categories: Airports Apr 2009