Qatar Airways to sell stake in Cargolux

Move comes after disagreement over future direction of the airline.
Logistics, NEWS

Share

By: Reuters

Qatar Airways is to sell its stake in Luxembourg's all-cargo airline Cargolux after a disagreement over the future direction of the airline, a Cargolux spokeswoman said on Saturday.

Qatar Airways bought a 35 per cent stake from the Luxembourg government and other parties last summer, but has decided to pull out after failing to agree on a strategy for the airline during meetings on Friday.

"The Luxembourg and Qatari shareholders disagreed on the future strategic orientation of the airline, which led to Qatar's decision to pull out of Cargolux," a spokeswoman for Cargolux told Reuters.

Qatar Airways was not immediately available to comment.

 

Most Popular