LSG Sky Chefs
LSG Sky Chefs is a leading provider of airline catering services and the management of all in-flight service related processes. The company was formed after the takeover of Sky Chefs, American Airlines' former catering subsidiary, by Lufthansa’s catering division Lufthansa Service GmbH. The group now consists of 130 companies with more than 200 customer service centres in 51 countries. In 2009, it produced about 405 million airline meals for more than 300 airlines worldwide. LSG Sky Chefs' parent company, LSG Lufthansa Service Holding AG, is headquartered in Neu-Isenburg, Germany.
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Asia Pacific, particularly China, is one of the current destination hotspots for European carriers, with connections between Europe and China improving in recent months and over the past couple of years. The initial focus was obviously on providing connectivity between key European hubs and the capital city of Beijing, with services to Shanghai also quite extensive, although a number of carriers are adding service to secondary, albeit still large destinations in China, such as Chengdu, Guangzhou, Hangzhou, Nanjing, Chongqin, Urumqi, Sancha, Dalian and Harbin.
Amidst the turmoil surrounding the sale of London Gatwick Airport last year and the Oct-2010 Court of Appeal ruling that confirms the sale of Stansted Airport, it is often overlooked that Greater London and the southeast of England is home to at least seven commercial airports serving the catchment area. One of them, London City Airport – LCY - (the only one actually within London) has been arguably the most successful in recent years in terms of passenger traffic growth. There is a suggestion that it could be sold off in 2011 by its majority owner GIP, which now has London Gatwick airport in its portfolio as a competitor to London Heathrow. What benefits might LCY offer to an investor now?
EgyptAir Holding company Chairman and CEO, Hussein Massoud, stated the carrier plans to increase full-year profits by nearly a third, commenting that the carrier is currently “making a profit", and adding: "We are planning to see more this year”. The company is targeting a USD132 million profit in the 12 months to Jun-2011, a 31% year-on-year increase.
Singapore Airport Terminal Services (SATS), Changi’s leading ground handler and catering supplier, is aiming to build on its local strength and numerous offshore ventures to expand its share of the growing global airport services pie.
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