Air France-KLM has finalized the sale of 49.99% of catering firm Servair to Chinese conglomerate HNA Group and raised a further €201 million ($211.4 million) by selling a 1.13% stake in Amadeus. HNA Group is buying the Servair shares to support its recent acquisition of major airline catering firm Gategroup, which was transferred to HNA Dec. 22. Following the Servair agreement, which was finalized Dec. 28, Air France will hand operational control of Servair to Gategroup. The deal ...

Subscribe to Access this Entire Article

"Air France-KLM sells Servair and Amadeus stakes" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.