My Orchids: Phalaenopsis "Italia Nana". Photo ET
Cargolux: the Italian
Sideshow
“The Loadster” reported
about a shift of pilots to cheaper Italy:
That happens amidst a general hiring freeze at Cargolux. There needs to be some explaining, as some other labor
relations problems are unresolved.
All this is happening
on the background of the new partnership with HNCA, limping along, after a
spectacular failed start of the first flight to Zhengzhou in April, and the Robert Song episode. As finally
those flights have been initiated in June, they are most likely to be losing
operations for the foreseeable future, as finding freight to be sent to Zhengzhou is a questionable bet and flights to there
will have poor load factors.
This will add to the losses already incurred in the first half of 2014, said to be in the vicinity of $31 million. (A
loss of about $14 million was expected). I would call it Melusina’s revenge,
for the fault of not retaining the former members of ExCom earlier this year. A company is as good as its management.
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