September 21, 2014 5:54 PM ET

Commercial Services and Supplies

Company Overview of LSG Sky Chefs, Inc.

Company Overview

LSG Sky Chefs, Inc. provides in-flight services to airlines worldwide. It offers airline catering services, such as classic airline catering, deep-frozen meals, and food management; in-flight equipment and logistics solutions, including product design and sourcing, in-flight logistics, equipment management, and value-added; in-flight management services, which include concept design, onboard retail management, operations management, supply chain management, quality management, and in-flight agency; and other services, such as airport lounge, train, and non-airline catering. It was formerly known as Sky Chefs, Inc. and changed its name to LSG Sky Chefs, Inc. in June 2001. The company was inco...

6191 North State Highway 161

Suite 100

Irving, TX 75038-2246

United States

Founded in 1941

Phone:

972-793-9000

Fax:

972-793-9229

Key Executives for LSG Sky Chefs, Inc.

Chief Executive Officer and Chairman of the Board
Age: 61
Chief Financial Officer
Age: 60
Chief Operating Officer
Age: 52
Senior Vice President of Product Engineering
Senior Vice President Operations
Compensation as of Fiscal Year 2014.

LSG Sky Chefs, Inc. Key Developments

LSG Sky Chefs Opens New Joint Venture Facility in Nanjing, China

LSG Sky Chefs has opened a new catering facility at Nanjing Lukou International Airport. The 5,000 square-meter advanced unit can produce up to 20,000 meals per day and is designed to meet the growing needs of the airport through the year 2030. The airport has also just opened a new terminal and an additional runway that can accommodate the A380.

LSG Sky Chefs Signs Joint Venture Agreement in Wenzhou, China

LSG Sky Chefs signed a contract to establish a new joint venture (JV) in Wenzhou, China. The joint venture company, named 'Wenzhou Longwan International Airport LSG Sky Chefs Catering Company Limited', is a partnership with Wenzhou Airport Group, which holds the majority 60% of shares. The contract has a duration of 25 years. The partners are establishing this new JV in a market characterized by a growing need for high quality in-flight catering. The international airport of Wenzhou (WNZ), a manufacturing and trading city in China’s Zhejiang province (south of Shanghai), handled more than five million passengers in 2013 and this figure is expected to rise to 13 million travelers by 2020. Currently 22 airlines offer domestic and international flights from Wenzhou, including Air China, Dragon Air, China Southern, Vietnam Airlines and Jeju Air. The airport is currently expanding and will open a new terminal in 2014. LSG Sky Chefs joint venture partner is the only caterer at this location and the existing facility cannot handle the expected passenger growth. Therefore, the construction of a new catering unit is planned to start later this year. The facility will have a production capacity of up to 20,000 airline meals per day within 13,000 m² of space. It is scheduled to start operations in 2016.

Dnata Eyeing LSG Sky Chefs

Dnata may be interested in acquiring stake in LSG Sky Chefs, Inc. Dnata’s President, Gary Chapman said that the company is keen to acquire LSG Sky Chefs if Deutsche Lufthansa Aktiengesellschaft (DB:LHA) puts up for sale once again. The official said that Lufthansa has said that it is not ready to sell the business, since there is a change in leadership that might change the approach. Lufthansa said recently that it would transfer around 1,500 ground staff at German airports into separate firms in 2014, as part of its plans to reduce costs.

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