14th Jul 2016 13:25
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
N+1 Singer (Nominated Adviser & Broker)
Nic Hellyer
Alex Price
Lauren Kettle
Tel: +44 (0) 20 7496 3000
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