Cargolux Airlines International has placed a new share offering of $175 million to bolster its finances and help its future expansion. The shares were taken up by existing shareholders. “The share capital increase is another important milestone in securing our growth plans and the expansion of the Cargolux fleet,” president and CEO Dirk Reich said. “It significantly improves our resilience against any future industry downturns and strengthens our balance sheet.” The ...

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