Air Transport World

Swissair.(Brief Article)(Statistical Data Included)

Swissair parent SAirGroup has agreed to buy Memphis-based Dobbs International Services from 100% owner Viad Corp. for $780 million, creating--with about 22% global market share--the world's second-largest airline catering operation after LSG Sky Chefs (33% market share). Dobbs will be absorbed into SAirGroup's catering division, Gate Gourmet International.

Separately, SAirGroup CFO Georges Schorderet said a slowdown in global airline business will push 1999 net earnings below the SFr361 million posted for 1998. …

Log in to your account to read this article – and millions more.