Qatar Airways acquires 35% stake in Cargolux

Qatar Airways has entered into a strategic equity and commercial partnership with Cargolux to acquire a 35% stake in one of Europe’s leading cargo airline. The agreement was signed in Luxembourg by Qatar Airways Chief Executive Officer Akbar Al Baker and Cargolux President and CEO Frank Reimen. The accord will give Qatar Airways a greater foothold in the growing freight business offering synergies with the cargo operator which has a global reach from its Luxembourg hub.