Cargolux Airlines to get additional liquidity
Cargolux Airlines International: Board of Directors adopts business plan 2013-2017
The Board of Directors of Cargolux Airlines International S.A. last week approved the companies 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 USD 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 to ensure this plan’s success. I am confident in the leadership team’s ability to execute it together with the airline’s highly skilled and dedicated employees,’ said Paul Helminger, Chairman of the Board of Directors. The business plan optimizes and builds on the proven Cargolux business model with the aim to return to profitability in 2014.
Quelle: LogEastics
Portal: www.logistik-express.com
