RE: Famous Last Words

Good morning Geoffrey,

  Great insight article on leisure Cargo this past Friday issue (Aug. 18).
  Actually leisure’s statement about not being effected negatively by the Air Berlin collapse could not be further from the truth. Word up in Germany is that they are looking desperately for an investor that could take over leisure Cargo.
  The current management succeeded in burning through millions of Euro’s during the last two years after Ralf Auslaender departed, tossing his money-making jewel into a loss-making trash can.
  What happened at the company is that a great team of people departed leisure Cargo back in the late summer of 2015.
  Many insiders saw the reality coming as it presents itself right now.
  The involvement of Etihad especially had turned out to be an exercise in cannibalism of leisure Cargo activities.
  Mr. Auslaender’s failed attempt at buyout in 2010 was caused in large part by an unrealistic asking price by Air Berlin management at that time that actually just didn’t want to sell.
  Thanks for remembering Ralf.
  He is, by the way, alive and well and still as good a human being as you might ever meet. Today with wife Sabine, Ralf is taking in his retirement years living in Portugal.

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