Luxembourg said on Wednesday it had taken back a stake in freight-only airline Cargolux from Qatar Airways (QA) with the intention of selling it on soon.
Luxembourg sold the 35 percent stake to Qatar Airways last year, and bought
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 fro
Boeing scrambled on Monday to iron out contract problems that forced it to postpone delivery of a 747 jumbo jet for the first time in its 40-year history, driving down its shares.
The US planemaker was due to deliver the first freighter ve
Qatar Airways said it has bought a 35 per cent stake in Luxembourg-based Cargolux, as leading air freight firm in Europe operating a modern fleet of 16 B747-400 freighters.
Announcing the deal, Cargolux International Airlines said the two
Qatar Airways, one of the Arab world's largest carrier, expects to sign a deal for a 33-percent stake in European all-cargo airline Cargolux in a few weeks, its chief executive said on Monday.