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28.04.2005
Etihad Airways
Entrance with cargo lux
In Abu the Dhabi resident airline Etihad Airways plans the assumption of 33,7 per cent of the portions of the of Luxembourg freight airline.
How a high-ranking cargo manager from the Gulf region confirmed INTERNATIONAL opposite the AERO, it had given already concrete discussions to Etihad Crystal cargo and the cargo lux executive committee between the freight division concerning this. The portions are at present in Switzerland parked at the kanzlei Wenger Plattner of lawyers, whom the liquidation mass of the SAir Logistics administers on trust. This was the parent company of the 2001 broke gone Swissair, which had taken part 1996 with 33,7 per cent in cargo lux.
Experts of financial politics from Abu Dhabi number the current value of this portion package on "140 to 150 million US dollar". It would be presumably also the purchase price, which the Arab Newcomer would have to pay with an assumption of the cargo lux portions. If it should come to the conclusion of a contract, the money approximately 250 creditors bankruptcies of the SAir Logistics would benefit.
How administrator of the estate said Karl Wuethrich of the kanzlei Wenger Plattner on request of the AERO INTERNATIONAL, there are various prospective customers for the cargo lux portions. It would concern several logistics enterprises and financial investors. There are not concrete purchase negotiations after the words Wuethrichs at present. "in the interest of the creditors it concerns to us a good price and not around a fast sales", so the lawyer. Whether also Etihad Airways belongs to the applicants around the portion package of the former Swissair parked with it, did not want to commentate Wuethrich.
This confirmed instead Etihad intimate circles from Abu Dhabi opposite the AERO INTERNATIONAL. Responded on the possible entrance of the Arab line with cargo lux a there freight expert said that this would be "a very favourable strategic plant for Etihad". Thus business philosophies of both societies fit well to each other, and the networks of the airlines could be linked easily with one another.
Etihad Crystal cargo could transfer and the freight at the there airport, intended flown from cargo lux to Abu Dhabi, for the surrounding region, and to destinations to Arabia, on which Indian Subkontinent continues to transport or East Africa. Cargo lux was turned around in the case of the Zusammengehens a part of the cargo endings carried by Etihad into the world-wide network of the of Luxembourg line to feed. Also during the future fleet politics, the network development and the soil dispatching one can cooperate closely.
For 1970 created of Luxembourg freight fliers it would not be the first time that another airline takes part financially in it. Thus the Icelandic Loftleidir and German Lufthansa already held portions of cargo lux, before after the sales of the Lufthansa package 1996 the SAir getting thing with first 24.5 per cent bought itself, which supplemented her briefly on it on 33,7 per cent. Since their insolvency 2001 it gave to prospective customer, sales negotiations however was missing again and again so far.
Now it all makes sense (sort of?!?!?)