Luxair (LG, Luxembourg) will essentially be controlled by the government of Luxembourg once a transaction to acquire 12.1% stake in the national carrier from Swiss logistics provider Panalpina has been completed. The deal which has not yet been publicly confirmed is expected to take place in the next couple of days according to several media reports in Luxembourg. The government currently directly and indirectly already owns 48.6% of Luxair and will own 60.7% going forward.