LSG Lufthansa Service Holding AG, a wholly owned subsidiary of Deutsche Lufthansa AG, will create a new Holding company “LSG Sky Chefs International AG” registered in Switzerland.
The company`s global operations will be managed by the newly appointed international Global Executive Board based in the US. This has been approved by the Deutsche Lufthansa AG Supervisory Board in yesterday`s meeting.
This decision is an important step for the company`s planned IPO. On June 1, 2001, LSG Lufthansa Service Holding AG completed its acquisition of Onex Food Services, Inc., the parent company of Dallas-based Sky Chefs, Inc.
LSG Sky Chefs maintains over 200 flight kitchens around the world on all continents and provided 427 million flight meals last year. In 2000, all companies belonging to the LSG Group - including all minority interests - with a staff of 41,700, achieved total turnover of EUR 3.7 billion (US $ 3.5 billion).