Luxembourg: wondrous Cargolux negotiators and ticking time bombs

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Interesting and knowledgeable blog from Egide Thein on how the Cargolux crisis will affect Luxembourg as it approaches elections…”We had some quiet moments around Cargolux over the past year. Last year it officially booked a profit, which is encouraging, even if put into perspective, it might be a short-lived blessing that was based on lower fuel costs. In any case the profit rate was only about 2.5%. It is difficult in the air cargo business to make a profit at all. That’s ...