Sunday, October 20, 2013

Cargolux, the Inconvenient Truth.


 
    My Orchids. Phalaneopsis Chinensis. Photo ET.
    
Cargolux, the Inconvenient Truth.

So Minister Wiseler made a decision. He needed a partner for Cargolux. The new partner is said to be the Chinese candidate, HNCA, who had Minister Wiseler’s favors anyway.

He could have completed the deal before the elections, but was probably told to keep it quiet. The questions about why to search for a partner in the first place, why then to choose this partner, to accomplish what that would favor Cargolux in which way, and at what price (watch that one!) are indeed without good answers.

Even the unions represented at the Board level have to wait for the day after the elections to get their information package. This is in view of Thursday’s shareholder meeting, where “shareholders will decide”. You know, where all are government controlled entities that supposedly will decide whether they support or defeat the government’s plan.

In short, it was way too inconvenient to disclose the information let’s say Friday or Saturday. Because disclosure could have poisoned the elections. The potential for yet another embarrassment, just ahead of Sunday’s elections was too risky.

Or more extensively: 




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