It doesn't belong to CX anymore, so it's not CX's problem.
the tail and logo should be painted out, though, I agree.
It's been leased to Aerolineas Argentinas (as have the other 2 ex Boeing A343's) but the new operator needs to flash the cash first.
That stand is the most convenient for long term storage and the "missing" parts have been cannibalized to get the other 2 to flying condition.
She'll be sitting for a while.