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.

Virgin Australia has announced a long-term relationship with Gate Gourmet, the airline catering brand of gategroup, which will see the caterer become the sole service provider for the major airline.

gategroup and Norwegian have agreed to further strengthen their relationship by signing an extensive, long-term global partnership agreement.

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.

Federico Germani has joined gategroup as chief commercial officer. He will be based in Zurich and report to the chief executive, Xavier Rossinyol.