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| My Orchids. Phalaenopsis "BVI Clone". Photo ET |
Cargoluxupéry:
Night Flight
Last
week's water cooler meeting at Cargolux was a nice chit chat. But don't take
everything literally. Cargolux Italia isn't exactly what you understood by
Friday, outsourcing an aircraft with its team of about 25 to Cargolux Italia.
Dirk Reich rectified that the operation is not exactly affecting the Luxembourg
operations. That aircraft is moved, because it is being replaced by the
delivery of a new aircraft. There are
two good news at least: there are no losses in Luxembourg, and this operation
also marks the end of the announced hiring freeze, since an additional team is
being hired (in Italy).
Within
a couple of days, those are pathetic contradictions, but welcome ones. There is
a need of course to prepare for the night flight into the upcoming storm. And
there are two major considerations that should be resolved ASAP.
The
first is that the main effort back to profitability is cost cutting. A dangerous
obsession, as cutting costs risks to cut into operations, which cuts into
yields, which cuts revenues, which cuts salaries, which cuts morale.
It
is well known, or isn't it, that the profitability equation has at least two
variables, the second being to increase sales, instead of cutting costs (only).
which brings us to the second unresolved issue: the loss of half a dozen key
managers, who have not been replaced by similar talents. People who can develop
sales, new clients, new destinations and optimize operations. That would also
bring the old excitement back.
Instead,
is there really a solution called "Smart Cargo S.A.", as we learned
on Friday, and that today is only a possible avenue. The company was thought to
lease five aircraft from Cargolux and provide for recruiting the teams, at
lower cost of course from outside the EU. My prediction is that this plan is
doomed for various reasons.
The
company will have problems to counter arguments of social dumping. The
government will have difficulties to play the role of the casual onlooker who
cannot intervene in the affairs of a "private" company. Minister
Bausch tried to escape responsability with that ridiculous claim, whereas the
government is the "beneficial owner" of 57% of the company through its
various holdings. And finally, expect an emotional, if not ethics storm about
the designation of Smart Cargo S.A. as the vector for this hazardous plan.
Smart
Cargo S.A., initially created in2001, is managed by two former Luxembourg
airfreight professionals, Pierre Wesner, formerly with Cargolux where he was VP
Europe, Middle East, Africa, and Jean Godart, formerly with Luxair Cargo. The
Luxembourg Register of Commerce reports the following about West Air Luxembourg
S.A. which later changed its name into Smart Cargo S.A.:
West Air Luxembourg S.A., Société Anonyme.
Capital social: EUR 637.500,00.
Siège social: L-8080 Bertrange, 2, rue
Pletzer.
R.C.S. Luxembourg B 83.004.
Il
résulte des résolutions prises par l'actionnaire unique de la Société en date
du 25 octobre 2013 que:
1.
Monsieur Goran BERGLUND a démissionné comme administrateur de la Société avec
effet au 25 octobre 2013;
2.
Monsieur Gustaf THUREBORN a démissionné comme administrateur de la Société avec
effet au 25 octobre 2013;
3.
Monsieur Jean GODART, né le 7 avril 1950 à Luxembourg, demeurant à CH-8808
Pfaeffikon (Suisse), 18, Rainstrasse, est nommé administrateur de la Société
avec effet au 25 octobre 2013 et ceci jusqu'à l'assemblée générale qui se
tiendra en 2014;
4.
Monsieur Pierre WESNER, né le 18 mars 1952 à Grevenmacher, demeurant à L-6212
Consdorf, 33, rue Hicht, est nommé administrateur de la Société avec effet au
25 octobre 2013 et ceci jusqu'à l'assemblée générale qui se tiendra en 2014.
Pour
mention aux fins de la publication au Mémorial, Recueil des Sociétés et
Associations.
Pour la Société
|
Référence de
publication: 2013150238/18.
(130183734)
Déposé au registre de commerce et des sociétés de Luxembourg, le 28 octobre
2013.
The
company name was subsequently renamed :
Smart Cargo S.A., Société Anonyme,
(anc. West Air Luxembourg S.A.).
Siège social: L-8080 Bertrange, 2, rue
Pletzer.
R.C.S. Luxembourg B 83.004.
II.- As appears from the attendance list, all the THREE HUNDRED
AND EIGHTEEN THOUSAND SEVEN HUNDRED AND FIFTY (318,750) shares, representing
the whole capital of the corporation, are represented so that the meeting can
validly decide on all the items of the agenda of which the shareholders have
been beforehand informed.
Old stories (1) will come to the surface, like Cargolux BVI,
Domaine Alice Hartman, and others, rightfully so or wrongfully.
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