LSG Group extends Joint Venture in Cairo, Egypt
Neu-Isenburg, Germany – The LSG Group has extended its management, trademark and shareholder agreement for LSG Sky Chefs Catering Egypt SAE in Cairo, Egypt, for another seven years.
Cairo was the first LSG Sky Chefs catering unit outside of Germany when it was established in 1978. In 1992, LSG Sky Chefs began operating the facility with Egyptian Aviation Services (EAS) under a management contract. In 2009, a joint venture agreement was established with Egypt Air Inflight Services (EAIFS) in which they acquired 70 percent of the shares in the business. LSG Sky Chefs and EAS became minority shareholders with 15 percent each. Since then, LSG Sky Chefs has been managing the entire operation with an experienced team.
“We are very proud that we could prolong our management agreement,” said Alfred Rigler, Head of Emerging Markets at LSG Group. “My sincere thanks go to the team in Cairo as they continuously and successfully pursue their mission of servicing their customers in the best way possible, even through difficult times.”
The Cairo team provides catering services more than 30 flights per day. Co-shareholder Egypt Air is also the main customer, but the unit services some international airlines in addition.
The LSG Group is the world’s leading provider of end-to-end onboard products and services for the travel industry. It possesses a strong portfolio of independent expert brands: LSG Sky Chefs (catering and hospitality, including lounges), Retail inMotion (onboard retail), SPIRIANT (onboard equipment) and Evertaste (convenience food). The LSG Group is headquartered in Neu-Isenburg, near Frankfurt, Germany. In 2017, its almost 35,000 employees achieved consolidated revenues of EUR 3.2 billion. Additionally, the LSG Group has a rich network of joint ventures and partnerships partners around the globe, employing more than 20,000 staff and generating non-consolidated revenues of EUR 1.3 billion. www.lsg-group.com