Press Release

Gate Gourmet to Enter Indian Market

Zurich, May 2, 2007 - Gate Gourmet, a global airline catering and logistics provider, has taken its first step to expand into India, one of the world's fastest growing economies. The company has signed a Memorandum of Understanding (MOU) with Advani Hotels & Resorts India Ltd. for the transfer and sale of its flight catering unit, Airport Plaza Flight Services.

The enterprise is the sole airline caterer at the International Airport in Goa, a renowned beach resort on the Indian Ocean. Airline customers are primarily charter companies and domestic carriers.

The agreement is subject to due diligence and the approval of Advani's shareholders. Terms were not disclosed.

"We are very pleased and excited about the prospects of entering the Indian subcontinent for the first time," said Guy Dubois, Executive Vice President, Chief Financial Officer and Chief Administrative Officer. "Gate Gourmet has successfully restructured and is now poised for strategic growth. India, with its vibrant economy, is a natural area for expansion where we can offer our unique blend of culinary innovation and logistic expertise to a new roster of clients."

Mark Wall, President of the Asia Pacific/Middle East region, said: "India's growing importance is clearly defining a new leadership role in all aspects of the aviation industry. We are extremely pleased about this cooperation, and the opportunities to further expand into this region."

Founded in 1992, Gate Gourmet is the world's largest independent airline catering, hospitality and logistics company with dual headquarters in Zurich, Switzerland, and Reston, VA, USA. The company has substantially expanded its products and services recently through acquisitions and strategic investments. The portfolio now includes cabin service ware (deSter); comfort/entertainment items (Harmony); packaged food components assembled in central production units (Supplair); design and delivery of brand-linked customer environments (Performa); service staff recruitment and training and crew leasing (Elan); aviation services such as cabin cleaning, aircraft washing and deicing and passenger services (Fernley/IAS); catering security (Gate Safe); business applications (eGate Solutions); and supply chain optimization (partnership with Pourshins).