Jade Cargo suspends operations

Posted By Neelam Mathews

Jan 4, 2011

Notice on website:

“The temporary suspension of Jade Cargo services is due to overall weak air cargo demand. It will also provide the shareholders with an opportunity to coordinate with stakeholders to continue with the restructuring of the company’s financial structure.”

Founded in October 2004, Jade is a joint venture between Shenzhen Airlines, Lufthansa Cargo and the German development finance institute DEG (24%). fleet of six Boeing 747-400ER freighters