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New contract win and trading update

14th Jul 2016 13:25

RNS Number : 2310E
Journey Group PLC
14 July 2016
 

Journey Group plc

("Journey Group" or the "Company")

 

New contract win and trading update

Journey Group, a leading provider of in-flight products and catering services to the international airline and travel industries announces that Air Fayre CA Inc. ("Air Fayre", the Group's "US Division") has been awarded a contract with a new customer, American Airlines Inc. ("American Airlines"), at Los Angeles International Airport ("LAX").

Under the terms of the Contract, the benefit of which will impact both the current and next financial years, Air Fayre will provide catering services for four daily international American Airlines flights out of LAX from its existing facility, two commencing mid-July 2016 and another two later in 2016.

Stephen Yapp, Executive Chairman, commented: "I am delighted that we have been selected to work with such a progressive business, another sign of the increasing market acceptance of our Air Fayre model. We are looking forward to building a long-term relationship and exploring further growth opportunities with American Airlines.

"This important win follows announcements of other strategically significant contracts with FedEx, JetBlue and United Airlines and recent contracts awards with WOW Air and Dynamic International Airlines.

"The Group is trading in line with market expectations and together these contracts support our confidence in the prospects for the future."

For further information please contact:

 

Stephen Yapp

Alison Whittenbury

Journey Group plc

Tel: +44 (0) 20 8606 1300

[email protected]

 

N+1 Singer (Nominated Adviser & Broker)

Nic Hellyer

Alex Price

Lauren Kettle

Tel: +44 (0) 20 7496 3000

This information is provided by RNS
The company news service from the London Stock Exchange
 
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