LSG Sky Chefs signs Franchise agreement in Kathmandu

KATHMANDU, Nepal, April 1, 2004 - LSG Sky Chefs, the world's largest provider of quality in-flight catering, today announced that it has signed a franchise agreement with Soaltee Hotel Limited, Nepal.

April 1, 2004

Under the agreement, Soaltee Crowne Plaza, the country’s premier deluxe hotel, will operate Nepal’s only in-flight catering facility un-der the LSG Sky Chefs brand name.

The new LSG Sky Chefs customer service center is located near Kathmandu’s Trib-huvan International Airport and caters to international airlines such as the national carrier Royal Nepal Airlines Corporation, Qatar Airways, Austrian Airlines and First Choice Airlines as well as VIP flights and all chartered flights.

"We thank Soaltee Crowne Plaza for this opportunity and look forward to bringing our culinary expertise and experience to this new, continuously-growing marketplace," said HK Cheung, Executive Vice President LSG Sky Chefs Asia/Pacific region. "This franchise agreement is the first of its kind for our company and serves as a model to be implemented in other parts of the world," he added.

"This new operation upgrades our facilities to first-class world standards and I am proud that our nation can now boast about such a facility, which also impacts our tourism industry," commented Siddharta SJB Rana, Chairman Soaltee Hotel Limited.

Soaltee Crowne Plaza Kathmandu is owned by Soaltee Hotel Limited, which plays an essen-tial role in Nepal’s travel and tourism industry. It is traded on the Nepal Stock exchange and is one the country’s blue chip companies.

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