Luxair 737-700. Courtesy, LG   Swiss forwarding and logistics specialist Panalpina has sold its 12.09% stake in Luxair (LG) to the State of Luxembourg for an undisclosed sum. Panalpina disposed of the shares as part of a clean-up of its portfolio, although the move will not affect its operations from Luxembourg’s Cargo Center where it employs 185 staff. “With the sale of the Luxair stake, Panalpina has adjusted its portfolio by the only not fully-consolidated ...

Subscribe to Access this Entire Article

"Panalpina sells its 12% Luxair stake" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.