Qatar Airways stake in Cargolux
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.
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...
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.
