German airline company Lufthansa is holding discussions about the divestment of its subsidiary LSG Group, an airline catering and in-flight services provider.
The transaction could value LSG at about 1 billion euros ($1.13 billion).
The company is in talks with partners such as Austrian catering company Do&Co, Singaporean in-flight catering service provider SATS Ltd and Swiss airline catering, retail onboard and equipment solutions provider Gategroup.
Lufthansa is analyzing its options with the help of U.S. financial services firm Morgan Stanley.