Jade Cargo suspends freight service

1/4/2012 9:11:51 AM

Soft cargo demand out of the Asia-Pacific has led Jade Cargo International to temporarily ground its fleet of six Boeing 747-400ERFs. Chief destinations served by Jade Cargo include Chennai International Airport, Incheon International Airport and Frankfurt Airport. Jade Cargo, a joint venture of Shenzhen Airlines and Lufthansa Cargo, utilizes Shenzhen Bao’an International Airport as its primary hub. Shenzhen Airlines has majority stake in the carrier, owning 51 percent of it. Moreover, Lufthansa Cargo and DEG each possess 25 percent and 24 percent of Jade Cargo, respectively. Air Cargo World

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