Qatar Airways completes its 35% equity acquisition of Cargolux

Cargolux Airlines International (Luxembourg) has a new partial owner. The company issued the following statement:

“Cargolux International Airlines S.A. announced on September 9 the closing of the strategic equity partnership transaction with Qatar Airways after clearance by all competent authorities. On June 9, 2011, the Doha-based carrier had signed an agreement to acquire a 35% equity stake in Cargolux.

Due to the complementary nature of the business and fleet composition of both companies, the strategic partnership with Qatar Airways enables Cargolux to enhance its competitive position as an independent leading air cargo operator.

The transaction increases the attractiveness of the Cargolux network through increased reach and scale. It also gives the Company access to additional capacity and new destinations and strengthens the Luxembourg and Doha hubs.”

Cargolux Slide Show: CLICK HERE

Copyright Photo: Nick Dean. Cargolux is now only six days away from taking delivery of the first Boeing 747-800F freighter. Please click on the photo for the full details.