Air, Freight News

Jade Cargo poised for comeback

[ March 2, 2012   //   ]

Jade Cargo, the Lufthansa Cargo- Shenzhen Airlines joint venture said on 29 February that it had signed a letter of intent with Shenzhen-based logistics company UniTop to rescue the troubled carrier. Jade Cargo said on 31 December that it had “temporarily suspended” its operations while it agreed on a restructuring plan. Its fleet of six B747-400ERFs is based at Shenzhen and operated services to a range of worldwide destinations including Amsterdam, Frankfurt and Luxembourg.



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