Italian market consolidation
10 Januar 2007 - 8:01AM
UK Regulatory
RNS Number:2561P
Alpha Airports Group PLC
10 January 2007
Alpha Airports Group Plc
("Alpha" or "the Group")
Italian market consolidation
Alpha's joint venture Servair Airchef, the Italian airline caterer and airport
services company, has signed an agreement to purchase Ligabue Group's Verona and
Venice Marco Polo catering units. The acquisition, which will be effective
from 10 January 2007, is anticipated to contribute additional sales of
approximately Euro2m.
Servair Airchef is a fifty/fifty joint venture between Alpha and Servair
providing inflight catering services from 23 airports across Italy. In addition,
Servair Airchef operates 13 bars and 11 restaurants and food outlets at airports
across Italy.
Servair Airchef currently caters in Venice and Verona to Alitalia, AirOne, Alpi
Eagles, Air France, Eurofly and Neos. The new contract will allow expansion into
Ligabue's broader customer base to include Delta Airlines, US Airways, Lufthansa
and Iberia.
Peter Williams, Chief Executive of Alpha Airports Group Plc, commented:
"The acquisition of the two catering units at these key Italian airports
increases our already significant scale in the Italian market. We are
particularly pleased to have the opportunity to service Delta Airlines' and US
Airways' long haul flights at the rapidly expanding Venice airport."
10 January 2007
Enquiries:
Alpha Airports Group Plc 020 8580 3200
Peter Williams, Chief Executive www.alpha-group.com
Mark Adams, Finance Director
College Hill 020 7457 2020
Kate Pope/Mark Garraway
This information is provided by RNS
The company news service from the London Stock Exchange
END
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