EANS-Adhoc: gategroup Renews, Expands Business With Virgin Australia
24.02.2012 – 21:31
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Global Expansion 24.02.2012 ZURICH, Feb. 24, 2012 -- gategroup, the world's leading independent provider of onboard products and services, has entered into a new agreement for renewed and expanded business with Virgin Australia. The agreement not only extends Gate Gourmet's catering and provisioning business for four years with Virgin Australia having the option to renew for two further one-year terms, but also significantly expands the level of services. Virgin Australia last month launched Business Class on most domestic routes, including new premium cabins and gourmet menus designed by Australian celebrity chef Luke Mangan. Depending on the cabin, route or fare level, complimentary meals and beverages, as well as food for purchase are available. "It is our privilege to be a part of this step change in Virgin Australia's passenger service and we are proud of our work in helping Virgin Australia accomplish its future vision," said gategroup CEO Andrew Gibson. "These agreements solidify our long-standing relationship with the airline and further strengthen our footprint in Australia." gategroup estimates that the total value to it over the contract period is in excess of CHF 250 million About gategroup: gategroup is the leading independent global provider of onboard services to companies that serve people on the move. gategroup comprises the following brands: deSter, eGate Solutions, Gate Aviation, Gate Gourmet, Gate Safe, Harmony, Performa, potmstudios, Pourshins and Supplair. Shares of Zurich-based gategroup are traded on the SIX Swiss Exchange under the symbol GATE. Please visit our website at www.gategroup.com. About Virgin Australia: Virgin Australia group of airlines operates a fleet of modern Boeing 737, Boeing 777, Airbus A330, ATR-72 Turboprop and Embraer E-Jet aircraft flying to Australian and international destinations including the USA, UAE, New Zealand, Indonesia, Thailand, Papua New Guinea, Fiji, Samoa, Tonga, Vanuatu and the Cook Islands. The group employs more than 7,000 people and includes Virgin Australia international and domestic airlines and Virgin Samoa, a joint venture with the government of Samoa. Further inquiry note: Media: Carol Reed, +41 43 812 9128, creed@gategroup.com, Investor Relations: Dagmara Robinson, +41 43 812 54 96, drobinson@gategroup.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: gategroup Holding AG Balz-Zimmermannstrasse 7 CH-8302 Kloten phone: +41 43 812 54 96 FAX: +41 43 812 91 19 mail: invest@gategroup.com WWW: http://www.gategroupmember.com/ sector: Consumer Goods ISIN: CH0100185955 indexes: stockmarkets: Hauptsegment: SIX Swiss Exchange language: English