Luxair VA and ICG VA become joint shareholders in Cargolux VALuxair VA today proudly announces that its board of directors has formally approved to have shared ownership in Cargolux with the International Cargo Group VA (ICG VA). Each company will hold a 50% ownership stake and provide a managing director who will report to the ICG VA and Luxair VA management team. Alex No, CEO of Luxair VA: "We are delighted to call ICG our partner. Their extensive experience in the cargo sector is indisputable and we are looking forward to growing our shared business into the world's number one air cargo company."
Luxair VA - Public Relations Department
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LuxAero VA Group becomes Luxair VALuxAero VA Group announces a fundamental restructuring of its organization. As of the beginning of this fiscal year the group was rebranded and carries now the name Luxair VA. Its cargo division was incorporated as a subsidiary of Luxair VA and henceforth carries the name Cargolux VA. All cargo planes were transferred to the balance sheet of Cargolux VA.
The board of directors of LuxAero has agreed to this reorganization in order to allow for cost saving opportunities to materialize and comply with local regulatory requirements. "This reorganization will make our already successful airlines even more resilient and gives us a right to grow further." Luxair VA - Public Relations Department http://luxairva.weebly.com/news |