Thursday, October 27, 2005

Business | Reuters.co.in

Business | Reuters.co.in: "LONDON (Reuters) - Britain's Alpha Airports Group said on Tuesday its long-running contract to provide in-flight catering to UK charter airline Thomsonfly would not be renewed.
Shares in Alpha, which provides retailing and catering to airlines in 15 countries, fell 12.2 percent to 75-1/2 pence on the news at 0736 GMT.
Alpha said the contract, which contributes 4 million pounds ($7.1 million) a year, would end in April 2006. Alpha had provided catering to Thomsonfly, formerly Britannia Airways Ltd, for 30 years.
'We will continue to pursue other opportunities to offset this loss and we will review our UK cost structure to minimise the future impact on profit,' Alpha Chief Executive Kevin Abbott said in a statement.
British Airways signed a new contract with Gate Gourmet last week following the end of a staff dispute at the caterer, which disrupted meal services and grounded flights in August when workers went on strike, triggering a sympathy strike by BA workers at Heathrow."