File - Emirates hopes the recent change of leadership at Lufthansa might oil the wheels of a deal.
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Emirates, the No. 1 airline on international routes, is interested in buying the world's leading inflight catering business from Deutsche Lufthansa AG, the head of the Dubai-based company's Dnata services arm said.LSG had sales of 2.51 billion euros ($3.4 billion) in 2013, making it more than six times the size of Dnata's catering business, where revenue rose 25 percent to 1.8 billion dirhams ($490 million) in the 12 months to March 31, according to an Emirates statement on May 8 .The Lufthansa unit posted an operating profit of 105 million euros, which was the highest since 2002, while amounting to 4.2 percent of sales, a mark it has not topped in at least 12 years. Dnata grew its overall revenue 14 percent to 7.6 billion dirhams last fiscal year, returning a profit of 829 million dirhams that Chapman described as "modest".
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