Airline Catering: China’s HNA displaced by Lufthansa as the leading on-Board caterers – FAZ – Frankfurter Allgemeine Zeitung

Major objectives of the tourism group HNA: World market leader in in-flight catering thanks to the acquisition of the gate group

The Chinese tourism group, HNA tour in Europe, Big has to his shopping: “We want to make our new gate group is the undisputed world market leader for in-flight catering”, the chief Executive officer of Adam Tan in April as a solution. Said and done. A few months later, Tan has achieved his goal.

author: Ulrich Friese, editor of the economy. consequences:

Shortly after the purchase of the Swiss Catering provider gate group HNA now advances with the control of the French competitors, economy Europe to the top spot in the industry. In earlier years, this Position of the Lufthansa group held at the end of the service provider LSG Sky Chefs. However, after his recent Coup of the Chinese parent group in the high-growth field of business, a total of 4.4 billion Swiss francs (4.1 billion euros). The rival from Germany saved more than three billion euros in the year.

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the gate group came from the estate of the above years of bankrupt Swissair and was acquired a few weeks ago for 1.4 billion Swiss francs of HNA. With Air France, the previous owner of economy Europe, agreed with the Chinese now on the purchase of a 50-percent package minus one share, at a price, the amount of which will be assessed on a three-digit million amount. To Finance this transaction, Gategoup plans in the first half of 2017 with a capital market transaction before, the group is then taken fully by the exchange.

After the rapid completion of the entry into the global catering business of HNA is air travel and tourism is getting wider. In just the past twelve months, a total of more than 20 billion dollars were invested in various equity investments, the Expansion outside the home.

the privately owned group currently operates 13 airports and 14 airlines in the middle Kingdom. Abroad, the Chinese lead the companies Aigle Azur in France, the Brazilian Azul and Africa World Airways from Ghana Director. Recently, HNA mixes as the owner of the Swiss ground handler Swissport, or as the operator of the European hotel, NH Hotels, Carlson with chains. The enterprising Investor from the far East is also as the operator of Hahn airport in the Hunsrück in the conversation.