Journey Group PLC New Contract Win (4759P)
25 October 2012 - 5:00PM
UK Regulatory
TIDMJNY
RNS Number : 4759P
Journey Group PLC
25 October 2012
Journey Group plc ("Journey" or the "Company")
New contract win
Journey Group plc is a leading provider of in-flight products
and catering services to the international airline and travel
industries.
Today Journey announces a new contract for its US Division with
JetBlue Airways Corp. The contract, which is expected to commence
in mid November 2012, is to provide in-flight beverage and snack
services for an average of 30 flights per day out of Long Beach
International Airport ("LGB").
JetBlue Airways is a low-cost US airline that began operations
in early 2000. It currently serves more than 70 destinations in
over 20 US states and 12 countries (across the Caribbean, South
America and Latin America). Its hubs in order of flight volume are
New York (John F Kennedy), Boston, Orlando, Ft. Lauderdale and LGB.
LGB is a city-owned, public-use airport in the city of Long Beach
serving Los Angeles and the Orange County.
Together with the award of the Continental flights, announced in
September 2012, and the existing flights for United Airlines both
out of Los Angeles International airport, the US Division will now
cater for an average number of approximately 145 flights a day in
high season and 120 flights a day in low season.
Stephen Yapp, Executive Chairman, said: "This strategically
important contract for a new client at a new airport demonstrates
the scalability and flexibility of our unique model. We believe our
award-winning patented model continues to strengthen our
competitiveness by delivering both high quality and financial
improvements for our customers. This financial year, the US
Division has made significant strategic and financial progress and
we remain positive about continuing the momentum in shareholder
value creation."
Journey Group plc contacts:
Stephen Yapp
+44 (0) 20 8606 2000
info@journeygroup.plc.uk
Carl Fry
+44 (0) 20 8606 2000
info@journeygroup.plc.uk
Singer Capital Markets Limited (Nominated Adviser &
Broker):
Jonny Franklin-Adams
Matt Thomas
+44 (0) 20 3205 7500
This information is provided by RNS
The company news service from the London Stock Exchange
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