EANS-Adhoc: gategroup Announces Contract Extensions with American Airlines
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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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Contracts
23.10.2012
Agreements include Gate Gourmet, Gate Safe and Pourshins
ZURICH, Oct. 23, 2012 -- gategroup announced it has reached agreement with
American Airlines to extend several contracts involving its Gate Gourmet, Gate
Safe and Pourshins member companies. The value of these extensions over their
five-year term is estimated to total over CHF 550 million.
Under the extended contract, Gate Gourmet will provide catering and provisioning
services for American at 22 markets worldwide, including hub locations Los
Angeles and Chicago.
All gategroup contracts with American Airlines remain subject to approval by the
U.S. Court in American Airlines' Chapter 11 reorganization.
About gategroup
gategroup is the leading independent global provider of products, services and
solutions related to a passenger's onboard experience. gategroup comprises the
following brands: deSter, eGate Solutions, Gate Aviation, Gate Gourmet, Gate
Retail Onboard, 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.
Further inquiry note:
CONTACT: Media, Jean-Luc Ferrazzini, Head of Corporate Communications,
communications@gategroup.com, +41 43 812 9128; Investors, Dagmara Robinson,
Director Investor Relations, drobinson@gategroup.com, +41 43 812 5496
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