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The Board of Directors of Cargolux Airlines International S.A. approved the airline’s business plan for the period from 2013 to 2017. The plan is designed to achieve profitable growth, enhance shareholder value and ensure the long-term sustainability of Cargolux. In the same context, the Board of Directors further resolved to request the shareholders of Cargolux to commit additional liquidity to the airline, with a first tranche of US$ 100 million requested for the first quarter of 2013 in the form of a convertible loan. Both decisions enhance the government’s position in the ongoing discussions with potential new shareholders.
‘This is an important milestone for Cargolux in securing its sustainability. Going forward, all stakeholders will need to contribute their part...
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