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Dirk Reich

Dirk Reich, CEO of Cargolux, is to step down from his position at the end of July.

While speculation over the reasons for his departure is rife, one source at the carrier indicated to The Loadstar that the decision was related to health problems, and that Mr Reich wanted to stop commuting from his home in Switzerland.

However, local media reported that Mr Reich had lost the support of the government, while tough trading conditions saw the company record a $20m loss in the first half of ...

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