On Air Now

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 1450 AM Holland, MI

Weather

Current Conditions(Holland,MI 49422)

More Weather »
66° Feels Like: 66°
Wind: WSW 13 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Thunderstorms 72°

Tonight

Thunderstorms 60°

Tomorrow

Scattered Thunderstorms 61°

Alerts

Qatar Airlines to sell Cargolux stake after strategy differences

BRUSSELS (Reuters) - Qatar Airways is to sell its stake in Luxembourg's all-cargo airline Cargolux after a disagreement over the future direction of the airline, a Cargolux spokeswoman said on Saturday.

Qatar Airways bought a 35 percent stake from the Luxembourg government and other parties last summer, but has decided to pull out after failing to agree on a strategy for the airline during meetings on Friday.

"The Luxembourg and Qatari shareholders disagreed on the future strategic orientation of the airline, which led to Qatar's decision to pull out of Cargolux," a spokeswoman for Cargolux told Reuters.

Qatar Airways was not immediately available to comment.

No value was given for the stake when the purchase was announced in June last year.

(Reporting By Ben Deighton. Editing by Jane Merriman)

Comments