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KLM Sells Off 75 Percent of Catering Services Division to Swiss Firm
5 Articles
5 Articles
The division responsible for meals on KLM flights is being taken over by the Swiss airline caterer Gategroup.
KLM will divest 75% of its subsidiary KLM Catering Services (KCS) to the global aviation catering specialist gategroup, while retaining a minority stake of 25% in order to remain closely involved in the service on board its flights. The operation is part of the Dutch company's "Back on Track" reorganization plan and will result in the construction of a new catering unit in Schiphol, designed according to reinforced environmental standards. KLM o…
KLM sells off 75 percent of Catering Services division to Swiss firm
KLM stated that it has agreed to sell a 75 percent stake in its in-flight catering arm, KLM Catering Services, to Swiss airline catering company Gategroup, in a move tied to the airline’s broader “Back on Track” restructuring program.KLM will retain a 25 percent share and remain involved in onboard catering after the deal, which is intended to cut costs while maintaining service standards for passengers.
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