jade-cargo
Lufthansa Cargo and Shenzhen Airlines have abandoned plans to restructure their Jade Cargo joint venture. The carrier, which had already suspended operations at the end of 2011, was unable to reach a deal with Wuhan-based Uni-Top Airlines and will return its three leased 747-400 freighters.
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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 ...
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