gategroup, Iberia sign long-term catering agreement
The agreement includes catering and provisioning services at Iberia's main hubs at Madrid and Barcelona, as well as at more than 20 other airports in Europe, the US and Latin America. The agreement, which will take effect in May-2011, also covers ancillary services, including onboard retailing of food and beverages for short and medium-haul flights and supply of products to Iberia's VIP lounge in Madrid. Under the new agreement, Gate Gourmet will expand its role as Iberia's global account manager to include menu planning and design as well as operations management.
"We are extremely pleased to continue and expand our long-standing relationship with Iberia, a leading airline in the forefront of airline consolidation," said gategroup Chief Executive Guy Dubois. "Gate Gourmet is very proud to be a strategic provider for merger partners Iberia and British Airways in their respective hubs of Madrid and London Heathrow."
Selected airport suppliers daily share price movements (% change): 21-Jan-2011