India Hospitality's SkyGourmet Wins Contract From Lufthansa
Company Continues to Deliver on Strategy to Internationally Diversify
LONDON, June 16 India Hospitality Corp. (LSE: IHC, IHC or India
Hospitality) today announced that one of its divisions, SkyGourmet Catering
Pvt. Ltd., has signed an air catering contract with Lufthansa for its flights
to Frankfurt from Pune.
Lufthansa has steadily been increasing the number of flights between
Germany and India. Its new six weekly flights from Pune are operated by an
Airbus A319 and expected to start on July 1, 2008.
"SkyGourmet is proud to have entered into this agreement with Lufthansa,
one of Europe's largest and most respected carriers," said Chintu Bose, the
company's air catering operations manager in Pune. Bose added, "We expect to
see increased volumes from Lufthansa as it ramps up the number of flights to
and from Pune."
Meals will initially be catered out of the Gordon House Hotel, which is
operated by Mars Restaurants Pvt. Ltd., another wholly owned subsidiary of
IHC. Mars has significantly upgraded the hotel's HACCP (Hazardous Analysis
and Critical Control Point) certified facilities to cater on behalf of
SkyGourmet and added a work force of 25 people.
SkyGourmet has also started catering to Kingfisher out of Pune, and is in
discussions with several international carriers. The addition of Lufthansa as
a client underscores SkyGourmet's increased focus on the international segment
as it completes the first phase of its capacity expansion across India.
About India Hospitality Corp.
India Hospitality Corp. (IHC) is a diversified pan Indian hospitality and
leisure company. In July 2007, IHC closed on the acquisition from Navis
Capital Partners and its Affiliates of India-based Mars Restaurants Private
Limited, an emerging hotel and restaurant company, and SkyGourmet Catering
Private Limited, an airline catering company with 1,700 employees operating
out of four locations in India.
For Further Information Contact:
Media Contact: Mutual Image & Events Management Pvt. Ltd.
Harsh Wardhan
+91 11 41416523
Investor Relations Contact: ICR Inc.
William Schmitt
+1 (203) 682-8200
Nominated Adviser and Broker: Deutsche Bank AG
Mumtaz Naseem
+44 20 7545 8000
Deutsche Bank AG is IHC's nominated adviser and broker for the purposes of
the AIM Rules for Companies. Its responsibilities as IHC's nominated adviser
and broker under the AIM Rules for Nominated Advisers are owed solely to
London Stock Exchange plc and not to IHC, any director of IHC or any other
person.
No offer or invitation to purchase or subscribe for ordinary shares in or
warrants to purchase or subscribe for ordinary shares or warrants of IHC is
being made by this announcement.
SOURCE India Hospitality Corp.
-0- 06/16/2008
/CONTACT: Media, Harsh Wardhan of Mutual Image & Events Management Pvt.
Ltd., +91 11 41416523; or Investor Relations, William Schmitt of ICR Inc.,
+1-203-682-8200; or Mumtaz Naseem, Nominated Adviser and Broker, Deutsche Bank
AG, +44 20 7545 8000/