Journey Group inks FedEx deal

14th Jul 2015 09:38

(ShareCast News) - In-flight products supplier Journey Group has signed a five year catering contract with FedEx.Journey Group said it would provide in-flight catering services for all of FedEx's crew and member services for their pilot lounge in Memphis International Airport, where FedEx's global hub is located.Executive chairman Stephen Yapp said executing the company's Fair Fayre model in a new state shows how flexible the product can be. "This will also aid us as we continue in our pursuit of future opportunities," he said.N + 1 Singer said in a note the deal shows Journey Group is scaling up and the contract was a "significant win" for the company. "We said in March that we expected Air Fayre to see opportunities to scale up the business in 2015.This contract win with FedEx is the first such opportunity to crystallise and takes Air Fayre outside of California for the first time," analysts said.Shares in Journey were up 7.8% to 152p at 0852 BST on Tuesday.