Joint Venture Discussions

30 Jul 2009 07:00

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 £70 million per annum.

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