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Cargolux confirms Qatar Airways' stake sale, chairman to step down

20-Nov-2012 8:59 AM

Cargolux confirmed (19-Nov-2012) Qatar Airways' plan to sell its 35% stake in the carrier. Cargolux also announced chairman Albert Wildgen plans to step down from the position on 30-Nov-2012. The airline said, "There are many significant challenges facing Cargolux and the shareholders remain committed to implementing those actions that will ensure it long term sustainability." [more - original PR]