03-May-2011 2:52 PM
LSG Sky Chefs to restructure airline catering in Germany
Analysis
Lufthansa subsidiary, LSG Sky Chefs, announced plans to restructure its airline catering activities in Germany by 01-Jul-2011. LSG Sky Chefs Deutschland GmbH will be split into a management company and 12 individual operating companies.
The companies will have the legal form of limited liability companies (GmbH). Walter Gehl, CEO of LSG Lufthansa Service Holding, said that by establishing independent limited liability companies, the flexibility and speed of these individual locations to adjust to their specific market conditions will increase, thus generating improved competitiveness and growth.
Selected duty free, catering and airport retail share price movements (% change): 02-May-2011
