Qatar-Cargolux honeymoon over

Carrier had taken a 35 per cent stake in June 2011 that it has decided to sell

35 per cent stake air logistics airline BCEE Cargolux Airlines CV future growth June 2011 Luxair Qatar Airways QR restructuring Richard Forson SNCI

Cargolux Airlines (CV) has confirmed that Qatar Airways (QR) has decided to exit its 35 per cent stake in the carrier. It was in June 2011 that QR became the second-largest CV shareholder behind Luxair when it took its 35 per cent stake.

CV, in a statement, has stated that “notwithstanding these developments, the Cargolux shareholders Luxair, BCEE and SNCI have confirmed their full confidence and support of Richard Forson, the interim president and chief executive officer… as they take the airline forward through this difficult phase of restructuring in order to position Cargolux for future growth and prosperity…”