gategroup, Iberia and Iberia Express
strengthen catering relationship
ZURICH, March 8, 2013 - gategroup, the leading independent global provider of
onboard products and services to the world's airlines, has extended business
with long-time customer Iberia, Spain's leading carrier, and Iberia Express.
gategroup has signed a pair of five-year agreements that cover Iberia and its
newly formed short- and medium-haul subsidiary, Iberia Express. The agreements
will take effect from the end of an existing contract in 2015. The total value
is approximately CHF 425 million in revenue over the life of the contracts.
gategroup's core brand Gate Gourmet will provide catering and provisioning
services at Madrid and Barcelona, the two main Spanish airports in Iberia's
network, as well as at multiple locations across Europe, the United States and
Latin America. Gate Gourmet also will supply products to Iberia's VIP lounges
in Madrid, and under the separate contract with Iberia Express, will provide
business class catering for that subsidiary.
Reflecting the breadth of gategroup's capabilities, gategroup member Gate
Retail Onboard will manage retail services for sales of onboard food,
beverages and other items for both Iberia and Iberia Express.
"gategroup is proud to be a strategic provider to Iberia and pleased to retain
it as one of our key customers well into the future," said Chief Executive
Officer Andrew Gibson. "This extension of our long-standing relationship
clearly shows the strength of gategroup's quality, reliability, innovation and
On an annual basis, gategroup provisions more than 70,000 flights for the
This new agreement is part of Iberia's firm commitment to improve customer
satisfaction by continuously improving service quality and consistency in
close cooperation with our partners," said Paloma Mazaneque, SVP Customer
"The agreement supports our goal of competing efficiently and sustainably in
an increasingly complex market while offering our passengers bespoke services
on board," said Arturo López, Director Airports and Customers Iberia Express.
gategroup is the leading independent global provider of products, services and
solutions related to a passenger's onboard experience. gategroup comprises the
following brands: deSter, eGate Solutions, Gate Aviation, Gate Gourmet, Gate
Retail Onboard, Gate Safe, Harmony, Performa, Pourshins and Supplair. Shares
of Zurich-based gategroup are traded on the SIX Swiss Exchange under the
symbol GATE. Please visit www.gategroup.com.
Jean-Luc Ferrazzini Dagmara Robinson
Head of Corporate Communications Director Investor Relations
+41 43 812 9128 +41 43 812 5496
Media release (PDF)
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