SOUTH KOREA. Gategroup has entered into a joint venture with South Korea’s Asiana Airlines to become its sole inflight caterer at Incheon International Airport.
As part of the 30-year partnership, gategroup will also serve Asiana Airlines at other key Korean airports.
Gategroup will hold a 60% controlling stake in the joint venture which includes the creation of a new facility at Incheon to accommodate Asiana Airlines’ growth plans.
“Through this partnership with Asiana Airlines, we will establish a long-term presence in the Republic of Korea. Asiana Airlines has a five-star Skytrax rating and we are very proud to work with such a distinguished partner,” said gategroup Chief Executive Officer Xavier Rossinyol.
“This long-term collaboration represents a key milestone in the execution of our Gateway 2020 strategy. It takes us an important step forward in our plans to pursue growth opportunities in the Asia Pacific region and to leverage our commercial innovation.”
Asiana Airlines CEO Soo Cheon Kim commented: “We are delighted to partner with gategroup as we move towards our goal of becoming the world’s greatest airline.
“As the clear airline catering industry leader, gategroup is the perfect partner for us to deliver our customers an extraordinary travelling experience. We are very pleased to begin a long-term partnership that offers exciting opportunities to both companies.”
