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gategroup restructures debts in deal with investors

Last Updated on November 4, 2022 by admin

 

gategroup is a leading global provider of products, services, and solutions related to the catering, food, and beverage sectors of the aviation industry. The company operates in over 100 countries and employs over 36,000 people.

 

gategroup has been struggling in recent years due to a combination of high fuel prices, increased competition from low-cost carriers, and declining air travel demand. As a result, the company has been seeking ways to reduce costs and improve efficiency.

 

The restructuring plan is intended to give gategroup more financial flexibility as it looks to implement its turnaround strategy.Shares of gategroup are down approximately 70% since January 2018.

 

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