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Airline Services and Logistics, the leading airline catering company in Nigeria, has rebranded to Newrest ASL Nigeria, according to a statement released by the Nigerian Stock Exchange on Monday. The company announced the rebranding following the approval of the name change by its shareholders during an annual general meeting held on June 9th, last year.

“The change of name has been registered with the relevant authorities and the Nigerian Stock Exchange has effected the change of name in its records,” the company said.

Following the rebranding, Newrest ASL Nigeria will now be easily associated with its parent company, Newrest (Schweiz) AG – a Swiss-based company that is the global leader in multi-sector out-of-home catering for various hospitality segments such as inflight catering, rail and group catering, buy on board, duty-free outlets, and remote site and support catering services.

Founded in 1996, Newrest ASL Nigeria provides catering and related services to international airlines within the Nigerian aviation industry, employing 510 staff and catering to 600 flight handlings per month. The company operates international standard inflight catering facilities, lounges and restaurants at the Murtala Muhammed International Airport, Lagos and the Nnamdi Azikwe International Airport, Abuja.

In 2014, Newrest ASL Nigeria established ASL Rwanda in partnership with Air Rwanda to provide in-flight catering facilities and VIP Lounges at the Kigali International Airport, Rwanda. ASL Oil and Gas Logistics – a Newrest ASL Nigeria subsidiary – was also established in 2013 to provide catering and logistics services to the oil and gas industry in Africa’s largest economy.

Newrest (Schweiz) AG is the controlling shareholder of Newrest ASL Nigeria, with 50.65 percent stake. As of 2015, Newrest ASL Nigeria recorded revenues of N4.55 billion and a loss-after-tax of N57.26 million.