Jade Cargo - Page 6

purple head · 30th Dec 2011, 13:48

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Rough translation using google.

As Europe's largest aviation group, Lufthansa (Deutsche Lufthansa AG) is preparing to exit the Chinese market. Lufthansa subsidiary Lufthansa Cargo CEO Ga Nate has a logistics conference in Frankfurt, said that because the face price war, companies face of competitors, may have to opt out of the Chinese market.

It is understood that, within the meaning of Lufthansa Cargo joint venture enterprise that is the first domestic cargo airlines - Jade Cargo International Co., Ltd. (Jade Cargo International Airlines Co., Ltd., Referred to as "Jade Cargo"), a company owned by Lufthansa German investment and development company and a joint venture between Shenzhen Airlines, three were holding 25%, 24% and 51%. Currently, Germany is working with British Airways, Lufthansa and British Airways Virgin Atlantic to discuss matters relating to transfer of ownership.

Jade Cargo sailing since, and did not meet the expectations of the German Lufthansa, according to the news, "the expected revenue is less than one-fifth, and encounter difficulties in financing."

Lufthansa, Germany suffered its own financial difficulties, also contributed to the contraction of the front as soon as possible. It is understood the company's third quarter operating income of 4.94 billion euros, down over 21%. Germany's Lufthansa Group hopes to 2013, business spending will be cut 1.5 billion euros.

Industry: Domestic flight prices or the opportunity to buy a head start can be

Than-expected earnings caused by Jade Cargo is mainly due to weak global economy. World Trade Organization (WTO) data show that the debt crisis hit the global economy suffered this year, global trade is expected to grow 5.8%, compared with 14.1% increase in 2010 reduced by 7.3 percentage points.

China's air cargo market is not optimistic about the statistics from the Civil Aviation Authority, cargo and mail turnover in November declined by 9.8%, and 1-11 months, the cumulative decline of 3.4%.

Among them, the largest decrease in international routes, cargo and mail turnover in November declined by 15.9% cumulative 1-November fell 5.6%.

Jade Cargo, one of the competitors, Cathay Pacific Airways Limited of Hong Kong (Cathay Pacific Airways Limited, referred to as "Cathay Pacific"), also said that the Mainland and Hong Kong's air cargo demand continues to decline, the company's cargo in October fell by 17.5%.

The industry believes that the lack of funds in the international aviation giants had to shrink the front when the opportunity to buy the domestic flight prices can expand the market share for a head start when the market recovers.

flylikeaneagle · 30th Dec 2011, 17:19

Lufthansa

CFM_56 · 1st Jan 2012, 14:12

From the horse's mouth, Jade Cargo will cease operations as of January 16th. They are seeking to sell assets to British Airways.

Regards to all

RG500 · 1st Jan 2012, 18:21

Not sure what horse you're talking to, but you've got some dated and incorrect information. New schedules were just issued (Jan. 1) with departures starting out of SZX on the 16th. With regards to BA purchasing Jade, that seems implausible as they already have GSS operating on their behalf.

Non Zero · 4th Jan 2012, 09:06

What's going on in Mather land China ...

Jade Cargo suspends operations | ATWOnline

is Jade just the beginning or an isolated case?

flylikeaneagle · 5th Jan 2012, 15:47

So let me try to understand or sequence the facts...

First It was just a "negotiation between shareholders".

Then a little extra problem "there is no cargo to fly". Because of the low season, they say. Or they want to make us believe....

Now, JAE doesn't have $$ for the fuel!

For the optimistic view, NO PROBLEM, lets fly gliders! (empty)

flylikeaneagle · 7th Jan 2012, 04:52

NEW CHINESE AIRLINE ENTERS THE MARKET
06-Jan-2012

DALIAN Airlines, a joint venture between Air China and Dalian Baoshui Zhengtong (DBZ), commenced operations on 31 December.

Dalian will send passengers and cargo to Shenzhen (China) and later to routes including Japan and South Korea.

Dalian Airlines is jointly owned by Air China, investing RMB 800 million (US$126.9 million) in cash to hold an 80 per cent stake in the new company, with DBZ investing RMB 200 million ($31.7 million) for the remaining 20 per cent.

The airline almost became a subsidiary of Hainan Airlines but a disagreement with the government scuppered plans, opening the door for Air China.

On 5 July 2011 CAAC, China’s civil aviation regulator, granted Air China and DBZ permission to establish the airline. This follows an agreement reached between Air China and the Dalian government in 2010.

sodapop · 7th Jan 2012, 05:46

Dalian

Quote:

The airline is expected to commence operations with a fleet of three Boeing 737-800 aircraft.

Therefore hauling cargo in the holds of passenger aircraft as is standard practice. 3 737s is hardly competition for Jade, especially in Shenzen. Not to mention that Jade flies China-Europe.

flylikeaneagle · 8th Jan 2012, 06:33

Jade routes include Japan (Osaka), SKorea (Seoul) and also Europe. That was the advertisement when they launched operations. Direct flights from SZX to KIX ICN VBS AMS BCN.
Soon it was clear that everybody else was flying from PVG , TSN and some other better places.
Flights to Japan were cancelled long ago.
So my question is if this new company will be just another company or a solution for jade, which means to use Jade' fleet to fly the cargo out of China or it is just an option for AirChina - Get rid of Jade and start another company without the Germans.

sodapop · 8th Jan 2012, 08:33

To me, Dalian sounds like another regional China airline which will have no impact on Jade operations. Air China already has its own cargo project. I think the real issue is whether or not Jade can secure new capital to ensure continued ops. Again, 737-800s, and what little they can carry in the holds, are not competition for Jade or any other cargo only airline.

flylikeaneagle · 13th Jan 2012, 08:47

Well here we go again... NO FLIGHTS until February.....

ScootCargoOps · 13th Jan 2012, 10:09

With the current economic drop and the two investing carriers already flying similar routes China/Europe etc why dilute already dropping yields. This could just be an easy option rather than making loses on every sector. When/if the economy picks up Jade with be back in the air. Thats the way i see it.

4th Apr 2012, 20:23

New schedules were issued Jan01, Feb01, Mar01, Apr01......
Guess what?????

Still grounded, no decisions, no reliable information, no $$$......

Very soon, no Pilots!

skyryder · 7th Apr 2012, 07:52

I was told by a "reliable source" that the employees were paid their March salaries yesterday, about 9-10 days late.
I don't think the question is if if the airplanes will fly again, it is more a question of when. I can't imagine that 6 747-400ERF's that are practically new and registered in China will sit for too much longer. I am less sure that they will still bear the Jade logo.
It is my opinion only, that the transaction to transfer ownership of the company to Unitop has gotten bogged down in the details that were not spelled out in the MOU that was signed.
I was also told that a number of pilots have submitted resignations and either have or will be leaving soon. Given the difficulty of recruiting pilots to come to China, I suspect there are many other Chinese carriers hoping to recruit these pilots to join up.