Cargolux confirms Qatar Airways' stake sale, chairman to step down

Cargolux confirmed Qatar Airways' plan to sell its 35% stake in the carrier. Cargolux also announced chairman Albert Wildgen plans to step down from the position on 30-Nov-2012. 

The airline said, "There are many significant challenges facing Cargolux and the shareholders remain committed to implementing those actions that will ensure it long term sustainability."