gategroup Holding has abandoned a plan to seek an initial public offering. Together with its shareholder HNA Group, the company said earlier it would no longer seek to lists its share on the Six Swiss Exchange due to a “gap in valuation” under current market conditions.
Five leading airline catering providers have launched the Airline Catering Association as a non-profit international organisation, based in Brussels, Belgium. Do & Co, dnata, gategroup, the LSG Group, and Newre are all involved in the new body.
gategroup Holding has entered into a joint venture agreement with Asiana Airlines, a leading international airline of the Republic of Korea. The agreement establishes a long-term strategic partnership and strengthens gategroup’s position at Incheon airport, one of Asia’s fastest growing and largest hubs in the world for international passengers.