Brahim’s considering disposing of 70% stake in Brahim’s Food Services

SEPANG: In-flight caterer, Brahim’s Holdings Bhd (BHB), is prepared to dispose of 70 per cent of its stake in Brahim’s Food Services (BFS) to assist the restructuring of the latter’s financial position, BHB executive chairman Datuk Seri Ibrahim Ahmad said.

He said several interested local and foreign companies have held discussions with BHB regarding the matter.

“We do intend to let go of the 70 per cent at the right and fair price (and) there are local interested parties and foreign interested parties but that’s all in discussion and no decision has been made.

“We expect to conclude (the negotiation) as soon as possible,” he said at a press conference here today.

The remaining 30 per cent stake in BFS is held by Malaysia Airlines Bhd (MAB).

Meanwhile, BHB’s chief executive officer Mohd Fadhli Abdul Rahman said BHB is open to renegotiate with Malaysia Aviation Group (MAG), the parent company of MAB, following the termination of the catering contract with MAB after 25 years on Aug 31.

“We are very open to welcome them back but of course, the term must be fair between both parties. If the term is fair then we are willing to accept, no problem,” he said.

He said overall, the in-flight catering services offered by BHB is still running as usual despite the termination of the catering contract with MAB, thus, dispelling claims by some parties that the company is problematic.

“If we are problematic, how could we supply food to 10 of the world’s best airlines?” he said.

Currently, BFS provides services to 35 foreign airlines with clients including Qatar Airways, Turkish Airlines, Japan Airlines and Korean Air.

MAG activated a Business Continuity Plan (BCP) for in-flight meal services on selected routes under MAB effective Sept 1. – Bernama

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *