EANS-Adhoc: gategroup Renews, Expands Business With Virgin Australia
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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Global Expansion
24.02.2012
ZURICH, Feb. 24, 2012 -- gategroup, the world's leading independent provider of
onboard products and services, has entered into a new agreement for renewed and
expanded business with Virgin Australia.
The agreement not only extends Gate Gourmet's catering and provisioning
business for four years with Virgin Australia having the option to renew for two
further one-year terms, but also significantly expands the level of services.
Virgin Australia last month launched Business Class on most domestic routes,
including new premium cabins and gourmet menus designed by Australian celebrity
chef Luke Mangan. Depending on the cabin, route or fare level, complimentary
meals and beverages, as well as food for purchase are available.
"It is our privilege to be a part of this step change in Virgin Australia's
passenger service and we are proud of our work in helping Virgin Australia
accomplish its future vision," said gategroup CEO Andrew Gibson. "These
agreements solidify our long-standing relationship with the airline and further
strengthen our footprint in Australia."
gategroup estimates that the total value to it over the contract period is
in excess of CHF 250 million
About gategroup:
gategroup is the leading independent global provider of onboard services to
companies that serve people on the move. gategroup comprises the following
brands: deSter, eGate Solutions, 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 our website at www.gategroup.com.
About Virgin Australia:
Virgin Australia group of airlines operates a fleet of modern Boeing 737,
Boeing 777, Airbus A330, ATR-72 Turboprop and Embraer E-Jet aircraft flying to
Australian and international destinations including the USA, UAE, New Zealand,
Indonesia, Thailand, Papua New Guinea, Fiji, Samoa, Tonga, Vanuatu and the Cook
Islands. The group employs more than 7,000 people and includes Virgin Australia
international and domestic airlines and Virgin Samoa, a joint venture with the
government of Samoa.
Further inquiry note:
Media: Carol Reed, +41 43 812 9128, creed@gategroup.com, Investor Relations:
Dagmara Robinson, +41 43 812 54 96, drobinson@gategroup.com
end of announcement euro adhoc
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issuer: gategroup Holding AG
Balz-Zimmermannstrasse 7
CH-8302 Kloten
phone: +41 43 812 54 96
FAX: +41 43 812 91 19
mail: invest@gategroup.com
WWW: http://www.gategroupmember.com/
sector: Consumer Goods
ISIN: CH0100185955
indexes:
stockmarkets: Hauptsegment: SIX Swiss Exchange
language: English