Gategroup Holding has entered into a 30-year joint venture agreement with Asiana Airlines, which will establish Gategroup as the sole in-flight caterer for Asiana Airlines at Incheon airport in South Korea, serving passengers flying to destinations across Asia, Australia, Europe and North America. As part of the partnership, gategroup will also serve Asiana Airlines at key Korean airports during the upcoming 30 years.
Gategroup will hold a 60% controlling stake in the joint venture, which includes the creation of a new state-of-the-art facility in 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,” said Xavier Rossinyol, Gategroup CEO. “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.