Excellent news30 Jul 2009 09:31
RNS Number : 5294W
Journey Group PLC
30 July 2009
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 GBP70 million per annum.