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Qatar pulls out of Cargolux

[ November 21, 2012   //   ]

Luxembourg-based freight airline Cargolux is reported to be seeking a new shareholder after a row at a shareholders meeting on 16 November saw 35% stakeholder Qatar Airways pull out. The dispute happened after Qatar Airways failed in its bid to install its favoured candidate, Richard Forson, as CEO and to agree on a restructuring plan. China’s HNA Group and the Volga Dnepr Group are reported to be considering investing in the carrier.

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