Lufthansa : Refocus on core business initiated
>First phase of withdrawal from catering initiated… - Yesterday, Lufthansa confirmed the decision to dispose of the European branch of its catering business to Gategroup (owned by Temasek and RRJ Capital) to focus on its core business. Reuters had reported that Gategroup was down to the final two alongside Austrian company Do&Co. Incoming cash should nevertheless be marginal for Lufthansa because: i/ on the one hand, the European entity (sales of approximately € 1.2bn...Deutsche Lufthansa is an aviation group based in Germany. Co. maintains global operations and a total of more than 500 subsidiaries and associated companies. Co. operates in five major business segments: scheduled passenger air traffic ("Passenger Airline Group"); scheduled airfreight services ("Logistics"); maintenance, repair and overhaul ("MRO"); information technology ("IT Services") and catering ("Catering").
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