Acquisition

RNS Number:9058H
Alpha Airports Group PLC
2 August 2001

                                                                02 August 2001





ALPHA AIRPORTS GROUP PLC ("ALPHA")

     Acquisition of majority stake in the Jordan Flight Catering Company


ALPHA announces that it has been successful in the tender by the Jordanian
Government for the privatisation of the Jordan Flight Catering Company in
Amman, Jordan.  This is the first flight kitchen privatisation to take place
in the Middle East.



ALPHA acquired 51% of Jordan Flight Catering, for a cash consideration of #
8.8m, with 29% to be held by ALPHA's local Jordanian catering partners,
Eastern Investment and Development Company Ltd, and 20% remaining with The
Royal Jordanian Airline PLC, the kitchen's biggest customer.  Other customers
include Air France, Alitalia, British Mediterranean Airways, KLM and
Lufthansa. Sales in the 12 months to December 2000 were #9.3m, the operating
profits were #3.6m, with net assets acquired of #0.6m.



This acquisition is in line with ALPHA's strategy to grow its core Flight
Services kitchen network into Europe and the Middle East.  The joint-venture
will have exclusive rights to provide flight catering services at Amman and
all other Jordanian airports for 7 years, and ALPHA will be the exclusive
caterer to the Royal Jordanian Airline for 10 years.



Kevin Abbott commented:



"We are delighted to have been selected as the most appropriate international
flight caterer by the Jordanian Privatisation Committee.  We will make ALPHA
Jordan a showcase for our international customers, and thus aim to become the
undisputed flight caterer of choice in future privatisations in this
developing Middle East region."



Enquiries:


ALPHA Airports Group Plc

Kevin Abbott, Chief Executive)
Heather McRae, Finance Director )     Tel: [phone]

Gavin Anderson & Company
Laura Hickman/Amelia Hine             Tel: [phone]

Website: www.alpha-group.com