Qatar Airways offloads Cargolux stake
- Qatar: Thursday, December 20 - 2012 at 00:23
Luxembourg has announced it had taken back a stake in freight-only airline Cargolux from Qatar Airways with the intention of selling it on soon, Reuters has reported. Last year, Qatar Airways bought the 35% stake from Luxembourg, which bought it back for the original sale price of $117.5m. The Doha-based airline decided to pull out after failing to agree on a strategy for the airline during meetings in November.
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