September 19 - Main deck cargo airline Cargolux has appointed a new board chairman to succeed Marc Hoffman, who remains a board director.

Albert Wildgen, who heads the estate of Grand Duke of Luxembourg and has been an independent director since the closing of the strategic partnership transaction between Cargolux and Qatar Airways on 8 September 2011, has assumed his new role as board chairman.

Meanwhile, the company's executive vice president and CFO, has resigned to pursue other business interests at a new freeport to be based at Findel, Luxembourg's national airport.

David Arendt will leave Cargolux before the end of 2011, says the airline.

Arendt has been with the company since 1998 as CFO and was named executive vice president in May 2003. Cargolux, Europe's largest all-cargo airline, expects to co-operate closely with the VAT-free zone at Findel, designed to enhance the attractiveness of the Luxembourg logistics sector by creating a new niche for forwarders of valuable goods.

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