Qatar Airways, one of the Arab world's largest carriers, expects to sign a deal for a 33-percent stake in European all-cargo airline Cargolux in a few weeks, its chief executive said on Monday. Cargolux, Europe's largest all-cargo airline, has previously said it was in talks to sell stake to a strategic investor. "We are soon going to sign an agreement with them (Cargolux) ... in a few weeks. We see there are synergies and Qatar Airways would like to expand," Chief Executive Akbar Al Baker told reporters in Dubai. He did not give a value for the deal. Abu Dhabi-based rival Etihad Airways tried to buy a 33.7 percent stake in Cargolux in 2005. At that time reports put the price of the deal at $130 million.
Source
