Catering consolidation continues
The airline catering business has undergone a radical transformation
in recent years, sparked by the industry downturn at the start of the decade
and the rise of the LCC sector. Significant consolidation of the sector has
already occurred and more is on the way, as Italian fast food restaurant operator,
Autogrill SpA, moved to acquire a 12.5% stake in Alpha Airports Group PLC. Autogrill
stated it is considering making an offer for Alpha’s remaining equity,
causing its shares to surge over 30%.
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