Jade Cargo International Explained

Airline:Jade Cargo International
翡翠国际货运航空公司
Fěicùi Guójì Huòyùn Hángkōng Gōngsī
Fleet Size:6
Destinations:10
Iata:JI
Icao:JAE
Callsign:JADE CARGO
Parent:Jade Cargo International Company Ltd.
Headquarters:Shenzhen Bao'an International Airport
Bao'an, Shenzhen, Guangdong, China

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]

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. It was the first cargo airline in China with foreign ownership and had 350 employees (as of March 2009).[3]

On December 25, 2011, Jade Cargo International flew its last scheduled flight, as JI7466 from Frankfurt (FRA) to Shanghai (PVG), via Shenyang (SHE). A few days later, on December 31, 2011, the airline 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.[4] [5]

Late in May 2012, UniTop withdrew its Letter of Intent (LOI) for the restructuring plans. Jade Cargo International leadership subsequently 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 20 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]

Fleet

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

Jade Cargo International Fleet
AircraftIn fleetOrderNotes
Boeing 747-400ERF2 - Disposed to CAL Cargo Air Lines
2Disposed to SF Airlines
1Disposed to AirBridgeCargo
1Disposed to Southern Air

See also

External links

Notes and 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. News: Directory: World Airlines . . 95–96 . April 3, 2007.
  3. http://www.jadecargo.com/News/tabid/59/newsid409/16/Default.aspx Jade Cargo International – News
  4. Web site: Struggling Jade Cargo forced to ground 747 fleet . Flight International . December 30, 2011 . January 1, 2012 . https://web.archive.org/web/20120103075359/http://www.flightglobal.com/news/articles/struggling-jade-cargo-forced-to-ground-747-fleet-366434/ . January 3, 2012 . dead .
  5. http://atwonline.com/airline-finance-data/news/jade-cargo-china-s-unitop-strike-restructuring-deal-0301 Jade finds new investment from UniTop
  6. Web site: Online auctions of Boeing 747s reflect shifts in the air-travel industry. 26 September 2017. The Economist.
  7. Web site: 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). 21 November 2017. Tencent News.
  8. http://www.jadecargo.com/images/stories/JI_Winter_Season_flight_Schedule_Effective_until_31Mar2012-updated_versionv1.pdf Jade Cargo Revised Winter Schedule
  9. http://www.planespotters.net/Airline/Jade-Cargo-International Jade Cargo fleet