More takers for Cargolux

Reports indicate that there are at least eight bidders for the 35 per cent stake

Cargolux Centurion Air Cargo Cobelfret Hainan Airlines HNA Luxembourg transport ministry Nippon Cargo Airlines Qatar Airways Saphir Capital Partners Silkway Airlines Volga-Dnepr

HNA and Volga Dnepr have been joined by Nippon Cargo Airlines, Cobelfret, Silkway Airlines from Azerbaïjan, Centurion Air Cargo and Saphir Capital Partners for the 35 per cent stake in Cargolux that was held by Qatar Airways. Though the Luxembourg’s transport ministry declined to confirm the prospective buyers, it said that a few enquiries had been received “from a few parties who have a potential interest in acquiring the stake in Cargolux reliquished by Qatar Airways. But no formal negotations are under way at this stage”.

Hainan Airlines of the Chinese group HNA, had bid for the 35 per cent stake along with Qatar Airways but had lost out.