30th Jul 2009 07:00
Journey Group Plc
Joint venture discussions
Air Fayre Ltd, the Group's wholly owned subsidiary which provides in-flight catering to the airline industry, and Alpha Flight UK Ltd, part of Autogrill S.p.A., one of the world's largest providers of food & beverage and retail services for travellers, have announced today that they have entered into a Letter of Intent providing for exclusive discussions for the purpose of creating a joint venture of their flight catering operations at London Heathrow.
Management of both companies estimate that the turnover of the potential combined business is approximately £70 million per annum.
For further information please contact:
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Journey Group plc |
Tel: +44 (0) 20 8606 2000 |
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Stephen Yapp, Chairman |
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Carl Fry, Interim Chief Financial Officer |
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KBC Peel Hunt Ltd (Nominated Adviser & Broker) |
Tel: +44 (0) 20 7418 8900 |
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David Anderson |
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Daniel Harris |
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