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.

 

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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