Qatar Airways has said it plans to acquire a 33 per cent stake in European air cargo company Cargolux, Europe's largest all-cargo airline, and expects to sign a deal in the next few weeks.

The airline's CEO said that the move is a strategic investment for the state-owned carrier. The airline already operates 25 777s.

In March, the airline said it would hire 11,500 new staff over the next three years to keep pace with an expansion plan that will see it serve 120 destinations by 2013.

CEO Akbar Al Baker said: "We see there are synergies.

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