Air France-KLM in talks to sell stake in Servair to China's HNAStaff writer ▼ | June 1, 2016
Air France-KLM is entering exclusive negotiations with China's HNA Group to sell a stake in its catering business Servair.
Selling A deal to sell 49.99 percent of Servair
Aviation and shipping conglomerate HNA stepped up its global expansion by agreeing in April an all-cash deal to buy Swiss airline catering business Gategroup Holdings (GATE.S) for $1.5 billion.
"Subject to HNA's acquisition of Gategroup, Air France and HNA intend to create the leading platform in the inflight catering business," Air France said in. ■