Finnair (AY, Helsinki Vantaa) has sold its catering subsidiary, Finncatering, to LSG Lufthansa Service Europa/Afrika GmbH (LSG). The transaction is part of an August 2012 agreement between Finnair and LSG, under which LSG has an option to purchase Finncatering and LSG Sky Chefs Finland Oy (formerly Finnair Catering Oy) shares.

Finncatering provides catering, food products and related services to the wholesale, retail and HoReCa sectors as well as companies serving air and other passenger traffic.

”This transaction is a part of Finnair’s structural change and aims to focus on our core airline business. We are pleased that the buyer is familiar with Finncatering’s business thanks to the long-term co-operation. LSG has also excellent qualifications to develop and enhance Finncatering’s operations,” says Finnair CFO Erno Hildén.