gategroup, Iberia Sign New Long-term Catering ContractBy Gategroup, PRNE
Thursday, January 20, 2011
Four-year agreement valued at more than CHF 400 million
ZURICH, January 21, 2011 - gategroup, the leading independent provider of onboard products and
services to the world's airlines, has extended business for its core Gate
Gourmet brand with Spain's leading carrier, Iberia. The two companies have
signed a four-year agreement that is valued in excess of CHF 400 million in
The agreement includes catering and provisioning services at Iberia's
main hubs at Madrid and Barcelona, as well as at over 20 other airports in
Europe, the United States and Latin America. The agreement, which will take
effect in May 2011, also will cover ancillary services, including onboard
retailing of food and beverages for short- and medium-haul flights and supply
of products to Iberia's VIP lounge in Madrid.
Under the new agreement, Gate Gourmet will expand its role as Iberia's
global account manager to include menu planning and design as well as
"We are extremely pleased to continue and expand our long-standing
relationship with Iberia, a leading airline in the forefront of airline
consolidation," said gategroup Chief Executive Guy Dubois. "This agreement
reflects positively on our strong partnership and on Gate Gourmet's
capabilities, innovation and reliability."
Paloma Manzaneque, Iberia Customer Relations Director said, "This new
agreement will enable us to continue developing even further our gastronomic
proposal, guaranteeing a quality and differentiated service for our clients."
On an annual basis, Gate Gourmet produces approximately 8.5 million meals
for Iberia and provisions more than 85,000 flights for the airline.
"Gate Gourmet is very proud to be a strategic provider for merger
partners Iberia and British Airways in their respective hubs of Madrid and
London Heathrow," Dubois said.
gategroup is the leading independent global provider of onboard services
to companies that serve people on the move. gategroup comprises 11 brands,
which are deSter, eGate Solutions, Elan, Gate Aviation, Gate Gourmet, Gate
Safe, Harmony, Performa, potmstudios, Pourshins and Supplair. Shares of
Zurich-based gategroup are traded on the SIX Swiss Exchange under the symbol
GATE. Please visit www.gategroup.com.
Media, John Bronson, +41-43-812-2048, jbronson at gategroup.com, Investor Relations, Dagmara Wawrzonowska, +41-43-812-54-96, dwawrzonowska at gategroup.com
Tags: gategroup, January 21, Spain, Switzerland, Zurich