Luxair 737-700. Courtesy, LG   Swiss forwarding and logistics specialist Panalpina has sold its 12.09% stake in Luxair (LG) to the State of Luxembourg for an undisclosed sum. Panalpina disposed of the shares as part of a clean-up of its portfolio, although the move will not affect its operations from Luxembourg’s Cargo Center where it employs 185 staff. “With the sale of the Luxair stake, Panalpina has adjusted its portfolio by the only not fully-consolidated ...

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