Alpha and LSG Sky Chefs UK Joint Venture Signed.
Today, Alpha Flight Group Ltd ('Alpha') and LSG/Sky Chefs Europe Holdings Ltd ('LSG') announced that they have signed the incorporation of their UK-only joint venture to become effective October 1, 2012. The newly-formed company will operate under the name Alpha LSG Ltd., and will include all existing Alpha and LSG Sky Chefs airline catering, airline retail and ancillary services in the UK, with the exception of Alpha's dedicated British Airways operation at London-Gatwick and its operations in the Republic of Ireland.
Both shareholders will take an equal stake in the joint venture and management of the business going forward. The management team of Alpha LSG Ltd. will consist of CEO - Ken Adamson, Managing Director of Alpha Flight UK and Ireland, and CFO - Axel Bilstein, a senior executive with LSG Sky Chefs. The team will now concentrate on continued delivery and maintaining service stability to our customers whilst delivering the integration of the two businesses. This will include the implementation of a forward-thinking customer focused business model and organization, as well as the planned transfer of the employees into the joint venture after full and meaningful consultations with all employees and their representatives.
The new company has combined revenues of more than GBP 300 million, which is generated by up to 3,600 employees providing catering services with facilities in 16 airports throughout the UK.
About Alpha Flight Group Ltd: Alpha Flight Group Ltd (Alpha), a wholly-owned subsidiary of dnata, is a leading international flight caterer employing 5,800 staff worldwide. Alpha currently operates in 58 airports in 11 countries, producing over 120,000 meals per day. In 2011, Alpha's turnover was GBP 426 million. For further information visit www.alpha-group.com
In the United Kingdom, Alpha supplies more than 22.9 million meals each year and provides Catering and Retail services to over 160,000 flights.
LSG Sky Chefs is the world’s largest provider of in-flight services. These include catering, in-flight equipment and logistics, in-flight retail as well as the management of onboard and related airport services. LSG Sky Chefs partners with more than 300 airlines worldwide and operates some 200 customer service centers in 52 countries, producing around 490 million airline meals a year. In 2011, the companies belonging to LSG Sky Chefs Group achieved consolidated revenues of € 2.3 billion.