Qatar Airways stake in Cargolux

Qatar Airways stake in CargoluxKeeping in tune of their latest expansion ventures, it appears Qatar Airways is interested in acquiring a stake in Cargolux, the largest cargo carrier in Europe.  They have recently purchased 5 new planes to add to their existing 97-plane fleet, and intend to add 20-25 more by 2013.  By that time, they also plan on serving more than 120 destinations and hiring 1,150 new employees.

Cargolux is a stable, profitable business, and Qatar Airways has confirmed it is interested in a 33% stake due to its stability.  A deal will be signed within in the next few weeks, according to Chief Executive Officer Akbar Al Baker.  After posting numbers in the black for 3 consecutive years, QA also hopes to offer an IPO to investors in early 2012.

 

 

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Keeping in tune of their latest expansion ventures, it appears Qatar Airways is interested in acquiring a stake in Cargolux, the largest cargo carrier in Europe.  They have recently purchased 5 new planes to add to their existing 97-plane fleet, and intend to add 20-25 more by 2013.  By that time, they also plan on serving more than 120 destinations and hiring 1,150 new employees. Cargolux is a stable, profitable business, and Qatar Airways has confirmed it is interested in a 33% stake due to its stability.  A deal will be signed within in the next few weeks, according to...

Qatar Airways stake in CargoluxKeeping in tune of their latest expansion ventures, it appears Qatar Airways is interested in acquiring a stake in Cargolux, the largest cargo carrier in Europe.  They have recently purchased 5 new planes to add to their existing 97-plane fleet, and intend to add 20-25 more by 2013.  By that time, they also plan on serving more than 120 destinations and hiring 1,150 new employees.

Cargolux is a stable, profitable business, and Qatar Airways has confirmed it is interested in a 33% stake due to its stability.  A deal will be signed within in the next few weeks, according to Chief Executive Officer Akbar Al Baker.  After posting numbers in the black for 3 consecutive years, QA also hopes to offer an IPO to investors in early 2012.

 

 

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