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# Chinese firm buys Swiss airline catering company
- URL: https://hospitality.pro/chinese-firm-buys-swiss-airline-catering-company/
- Published: 2016-04-12T03:53:52.000Z
- Updated: 2016-08-16T08:16:27.000Z
- Author: Holedo
- Tags: Hospitality Industry News, Brand Development, News, Purchases and Sales, #wordpress, #Import 2026-04-16 12:15

Chinese conglomerate HNA has agreed to buy the Swiss airline catering company gategroup for 1.4 billion Swiss francs (US$1.5 billion), with gategroup’s management endorsing the offer.  
HNA is led by Chinese billionaire Chen Feng, who has scooped a string of aviation assets in recent years, in an attempt to cash in on surging air travel business in Asia, Agence France-Presse reported.  
If approved by shareholders, Chen’s acquisition of gategroup will follow HNA’s 2015 purchase of airport servicing firm Swissport for 2.73 billion francs.