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Qatar Airways sells Cargolux stake, eyes Indian market
- Qatar: Monday, January 14 - 2013 at 04:14
Akbar al-Baker, the chief executive of Qatar Airways, has confirmed the sale of its entire 35% stake in the freight hauler Cargolux back to authorities in Luxembourg, the Associated Press has reported. The deal was finalised January 1 to sell the share as Luxembourg viewed Cargolux as a national carrier that should be fully owned by the state. Qatar Airways bought the stake in Cargolux in June 2012. The airline is not actively seeking any new alliances or purchases, but is carefully studying reforms that could open the Indian market, al-Baker noted.
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