Last checked at 16 Jun 2008 07:30
India Hospitality's SkyGourmet Wins Contract From Lufthansa Company Continues to Deliver on Strategy to Internationally Diversify
LONDON, June 16 India Hospitality Corp. today announced that one of its divisions, SkyGourmet Catering Pvt. Ltd., has signed an air catering contract with Lufthansa for its flights to Frankfurt from Pune.
Lufthansa has steadily been increasing the number of flights between Germany and India. Its new six weekly flights from Pune are operated by an Airbus A319 and expected to start on July 1, 2008.
"SkyGourmet is proud to have entered into this agreement with Lufthansa, one of Europe's largest and most respected carriers," said Chintu Bose, the company's air catering operations manager in Pune. Bose added, "We expect to see increased volumes from Lufthansa as it ramps up the number of flights to and from Pune."
Meals will initially be catered out of the Gordon House Hotel, which is operated by Mars Restaurants Pvt. Ltd., another wholly owned subsidiary of IHC. Mars has significantly upgraded the hotel's HACCP (Hazardous Analysis and Critical Control Point) certified facilities to cater on behalf of SkyGourmet and added a work force of 25 people.
SkyGourmet has also started catering to Kingfisher out of Pune, and is in discussions with several international carriers. The addition of Lufthansa as a client underscores SkyGourmet's increased focus on the international segment as it completes the first phase of its capacity expansion across India.
About India Hospitality Corp.
India Hospitality Corp. (IHC) is a diversified pan Indian hospitality and leisure company. In July 2007, IHC closed on the acquisition from Navis Capital Partners and its Affiliates of India-based Mars Restaurants Private Limited, an emerging hotel and restaurant company, and SkyGourmet Catering Private Limited, an airline catering company with 1,700 employees operating out of four locations in India.
For Further Information Contact: Media Contact: Mutual Image & Events Management Pvt. Ltd. Harsh Wardhan +91 11 41416523 Investor Relations Contact: ICR Inc. William Schmitt +1 (203) 682-8200 Nominated Adviser and Broker: Deutsche Bank AG Mumtaz Naseem +44 20 7545 8000
Deutsche Bank AG is IHC's nominated adviser and broker for the purposes of the AIM Rules for Companies. Its responsibilities as IHC's nominated adviser and broker under the AIM Rules for Nominated Advisers are owed solely to London Stock Exchange plc and not to IHC, any director of IHC or any other person.
No offer or invitation to purchase or subscribe for ordinary shares in or warrants to purchase or subscribe for ordinary shares or warrants of IHC is being made by this announcement.
SOURCE India Hospitality Corp.
06/16/2008
/CONTACT: Media, Harsh Wardhan of Mutual Image & Events Management Pvt. Ltd., +91 11 41416523; or Investor Relations, William Schmitt of ICR Inc., +1-203-682-8200; or Mumtaz Naseem, Nominated Adviser and Broker, Deutsche Bank AG, +44 20 7545 8000/
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