Jade Cargo International

Jade Cargo International was a cargo airline with its headquarters on the sixth floor of the Shenzhen Airlines Flight Operations Building at Shenzhen Bao'an International Airport, Bao'an District, Shenzhen, Guangdong, China.[1] It operated regular cargo services to Asia, Europe, South East Asia and the Middle East, plus a host of other worldwide destinations. It main base was Shenzhen Bao'an International Airport.[2]

Jade Cargo International
翡翠国际货运航空公司
Fěicùi Guójì Huòyùn Hángkōng Gōngsī
IATA ICAO Callsign
JI JAE JADE CARGO
Founded2004
Ceased operations2011
Hubs
Fleet size6
Destinations10
Parent companyJade Cargo International Company Ltd.
HeadquartersShenzhen Bao'an International Airport
Bao'an District, Shenzhen, Guangdong, China
Key peopleFeng Gang (Chairman of the Board), Frank Naeve (Chief Executive Officer)
Websitejadecargo.com

History

Jade Cargo International was established in October 2004 and was co-owned by Shenzhen Airlines, which had a 51% stake, Lufthansa Cargo with 25% and DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH, a subsidiary of German state-owned bank KfW – with 24%. It started operations in August, 2006.[3] It was the first cargo airline in China with foreign ownership and had 350 employees (as of March 2009).[4]

In December 25, 2011, flew its last scheduled flight, as JI7466 from Frankfurt (FRA) to Shanghai (PVG), via Shenyang (SHE), and a few days later, on December 31, 2011, officially grounded its fleet, citing a combination of lack of demand and “extended discussions” with Jade Cargo's other owners, with the service suspension lasting for several weeks until new funding was to be found through UniTop Group, which had plans to restructure the airline.[3][5]

Late in May, 2012, UniTop withdrew its Letter of Intent (LOI) for the restructuring plans. Immediately Jade Cargo Int'l officially announced the closure of the company and the start of liquidation proceedings effective June 4, 2012.

In 2017, three former Jade Cargo Boeing 747 planes (B-2421, B-2422, and B-2423) were up for auction on Taobao.[6] On the 20th of November 2017, SF Airlines purchased two of the three Boeing 747 planes on TaoBao, each for over ¥160,000,000 Chinese Yuan.[7]

Destinations

Jade Cargo served the following cities as of December 2011:[8]

Main article: List of Jade Cargo International destinations

Fleet
Jade Cargo International Boeing 747-400ERF in 2011.

The Jade Cargo International fleet consisted of the following aircraft (as of June 2015):[9]

Jade Cargo International Fleet
Aircraft In fleet Order Notes
Boeing 747-400ERF 2 — Disposed to CAL Cargo Air Lines
2 Disposed to SF Airlines
1 Disposed to AirBridgeCargo
1 Disposed to Southern Air
gollark: Aha, it generated gollarious data!
gollark: Your ideatic manipulation tech is exayears behind that of GTech™; you can't seriously expect that to work.
gollark: The GTech™ plan to destroy the sun to stop it making it hard to see my devices' screens when it's bright.
gollark: Everyone knows that the US controls all.
gollark: This makes sense.

See also

References
  1. "Contact Us." "Jade Cargo International Company Limited Shenzhen Airlines Flight Operations Building, 6/F Baoan International Airport 518128 Shenzhen, Guangdong, P.R.C"
  2. "Directory: World Airlines". Flight International. April 3, 2007. pp. 95–96.
  3. "Struggling Jade Cargo forced to ground 747 fleet". Flight International. December 30, 2011. Archived from the original on January 3, 2012. Retrieved January 1, 2012.
  4. Jade Cargo International – News Archived March 20, 2007, at the Wayback Machine
  5. Jade finds new investment from UniTop
  6. "Online auctions of Boeing 747s reflect shifts in the air-travel industry". The Economist. September 26, 2017.
  7. "Money wayward! SF throw 320 million online shopping two Boeing 747 freighters (有钱任性！顺丰豪掷3.2亿网购两架波音747货机)". Tencent News. November 21, 2017.
  8. Jade Cargo Revised Winter Schedule. Retrieved February 18, 2012.
  9. Jade Cargo fleet (Planespotters)

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.