From our European Editor Alex Lennane comes this analysis of a critical decision to be made in Luxembourg today. We excerpt a few key details, and those interested in the full story can click here to see it on Alex’s Loadstar blog.
Other bidders appear to think an investment in Cargolux is a good move as well, and Robert Song, who is acting as a senior advisor to the Henan Government acknowledged there were other bids “on the table”. “I don’t think anyone is going to give up a good investment opportunity.” HNCA’s bid, however, seems to be in the lead. One senior source toldThe Loadstar: “Poor Cargolux – killed by greed and a government that knows nothing about air cargo, or it would stop this.”