The deal marks the continuation of more partnerships between both sides, with a joint venture possibly being the next step, said Safwat Musallam, Chairman, and CEO of EgyptAir Holding. The two airlines are also looking into boosting cooperation that would contribute to more investments in the passengers’ services and many other fields.
“We see this as a step of developing further opportunities. Both our senior teams met to discuss further ways in which we can develop and strengthen our partnership over time,” said Musallam.
As part of this partnership, the seven-year catering deal will see Lufthansa’s LSG Sky Chefs provide catering services to EgyptAir Airlines to some vital markets and destinations. This will make LSG the largest provider of catering services to EgyptAir .
Sherif el-Maghloub said that EgyptAir In-Flight Services, a leading catering service provider in Egypt, found this cooperation a suitable opportunity for increasing its market share through investing in the new company and enhancing its potentials and to inject funds and investments that are compatible with the country's policy of attracting foreign capital and improving investment.
“I am convinced that we will see a phase of more rationalisation. I think this industry needs to see a healthier relationship between offer and demand, and I’m optimistic we will see this in the years to come,” said El-Maghloub.
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