Cargolux appoints new chairman

PAUL Helminger has been appointed Cargolux Airlines’ new chairman of the board of directors.
The move comes after Albert Wildgen stepped down from the position in November last year – the same month Qatar Airways relinquished its 35 per cent stake in the all-cargo airline – having joined the board in September 2011.
Luxembourg’s government has temporarily acquired the Middle East carrier’s stake until a new long-term shareholder can be found.
The other part owners are: Luxair with 43.4 per cent, the Banque et Caisse d’Epargne de l’Etat (BCEE), 10.9 per cent and Société Nationale de Crédit et d’Investissement (SNCI) with 10.7 per cent.