I don't think looking at the figures that CV is in trouble.
Estimated revenue for 2004 was expected to be $1.1 billion.
Op profit for 2003 $64.9 million up 17%. That's not too bad at all!
The 14th B747-400F scheduled to arrive in October and the board approved purchase of another 400F.
The only fly in the ointment is the situation with SAir's 34.9% shareholding. After they went bust that asset went to the trustee for the creditors. The trustee is under pressure from the creditors on this.