Qatar Airways stake in Cargolux

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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 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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Reading Time: 1 minute

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.

Reading Time: 1 minute

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 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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