Harrods sold to Qatar Holdings

 - May 25, 2010, 11:44 AM

The Harrods Aviation FBOs at London Luton and Stansted airports, as well as helicopter charter operator Air Harrods, have been sold as part of a $2.2 billion transaction that saw Qatar Holdings acquire the Harrods retail group from Mohammed al-Fayed last month. Qatar Holdings is a sovereign wealth fund controlled by the government of Qatar; the group has yet to give any indication about whether it intends to keep the Harrods aviation assets alongside the famous department store and its various worldwide retail operations. Recently, Harrods Aviation spent $1.5 million refurbishing its Stansted FBO, which features two large customer lounges and a separate VIP lounge with its own restroom.