My Orchids in a Blog. Photo ET
Cargolux:
Blogging over blogging in a Blog by Wort.lu
This
is a story that is a bit dated. But it
is interesting to note that the argument in favor of standalone and of
potential financial partners gets some place in the light. Though the piece
assumes an essentially anti-Chinese bias, I wouldn't assume that it places the
writer in an unconditional pro-Chinese bias either. This is about a sustainable
strategic orientation, and partnerships have ALL had their difficulties:
Lufthansa, Swissair, Qatar Airways.
With
HNCA, the good news is, it IS the standalone option, though only for several
years, until internal competition builds up through the famous JV.
Unfortunately the standalone in this case is conceived in a way that it carries
obligations that are forecast to generate significant losses.
If
and when the deal is finalized. Which is not yet the case.
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