Jade Cargo
Joined: Apr 2008
Posts: 27
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From: corner of walk and don't walk
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.
Joined: Jul 2011
Posts: 194
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From: Here
What's going on in Mather land China ...
Jade Cargo suspends operations | ATWOnline
is Jade just the beginning or an isolated case?
Jade Cargo suspends operations | ATWOnline
is Jade just the beginning or an isolated case?
Last edited by Non Zero; 4th January 2012 at 10:46.
Joined: Aug 2002
Posts: 148
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From: on thin ice
Dalian
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.
The airline is expected to commence operations with a fleet of three Boeing 737-800 aircraft.
Last edited by sodapop; 7th January 2012 at 05:57.
Joined: Aug 2002
Posts: 148
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From: on thin ice
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.
Joined: Nov 2004
Posts: 200
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From: UK
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.
Joined: Jul 2006
Posts: 18
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From: Florida
Not a lot of facts abound
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.
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.
Joined: Dec 2010
Posts: 12
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From: Disneyland
Joined: Oct 1999
Posts: 155
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From: about 6'4''
Jade's 747-400 up for auction
Jade Cargo to Auction Three Boeing 747-400Fs on Oct. 26
makes you wonder if the asking price for planes that have been inactive for almost 4 years is realistic at almost USD 200 Million a piece.....
Jade Cargo International will auction three Boeing 747-400 freighters at a starting price of 1.32 billion yuan each on Oct. 26, according to an announcement by Shenzhen Jiajintai Auction Co., Ltd. on Sep. 9.
The auction will take place at Action Hall of Shenzhen Auction Co., Ltd., on the 7th floor of Yinli Building, No. 1, Road Hongli, Futian District, Shenzhen.
Jade Cargo will start the bidding at 1.32 billion yuan for the three 747-400Fs (including 11 engines) - Registration B-2421 (including 3 GE CF680C2B5F engines), B-2422 (including 4 GE CF680C2B5F engines) and B2423 (including 4 GE CF680C2B5F engines).
Jade Cargo was established in October 2004 as a joint venture between Shenzhen Airlines (51%), Lufthansa (25%) and German development finance institute DEG (24%), with its base at Shenzhen Bao'an International Airport (SZX). It officially announced the closure of the company and the start of liquidation proceedings effective June 4, 2012.
Jade Cargo had faced continuous financial difficulties since its foundation. It flew its last scheduled flight on Dec. 25, 2011 and grounded its fleet on Dec. 31, 2011. The cargo carrier signed a Letter of Intent (LOI) with UniTop on its restructuring in Feb. 2012. However, UniTop withdrew its LOI for the restructuring plans late in May 2012.
makes you wonder if the asking price for planes that have been inactive for almost 4 years is realistic at almost USD 200 Million a piece.....
Jade Cargo International will auction three Boeing 747-400 freighters at a starting price of 1.32 billion yuan each on Oct. 26, according to an announcement by Shenzhen Jiajintai Auction Co., Ltd. on Sep. 9.
The auction will take place at Action Hall of Shenzhen Auction Co., Ltd., on the 7th floor of Yinli Building, No. 1, Road Hongli, Futian District, Shenzhen.
Jade Cargo will start the bidding at 1.32 billion yuan for the three 747-400Fs (including 11 engines) - Registration B-2421 (including 3 GE CF680C2B5F engines), B-2422 (including 4 GE CF680C2B5F engines) and B2423 (including 4 GE CF680C2B5F engines).
Jade Cargo was established in October 2004 as a joint venture between Shenzhen Airlines (51%), Lufthansa (25%) and German development finance institute DEG (24%), with its base at Shenzhen Bao'an International Airport (SZX). It officially announced the closure of the company and the start of liquidation proceedings effective June 4, 2012.
Jade Cargo had faced continuous financial difficulties since its foundation. It flew its last scheduled flight on Dec. 25, 2011 and grounded its fleet on Dec. 31, 2011. The cargo carrier signed a Letter of Intent (LOI) with UniTop on its restructuring in Feb. 2012. However, UniTop withdrew its LOI for the restructuring plans late in May 2012.
Joined: Nov 2008
Posts: 114
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From: A parallel universe.
makes you wonder if the asking price for planes that have been inactive for almost 4 years is realistic at almost USD 200 Million a piece.....
The last 747-8F's will be in final assembly soon, and with no new orders announced and an uncertain economy, could it be that Boeing might pull the plug on the entire 747 program and concentrate on the 777X and 787?
Second hand 747F's could become a rare and very sought-after aircraft for 747F carriers who want the capability for over-sized loads and want to keep fleet commonality.
Perhaps the Chinese can sell them to another European airline that wants to open up a joint venture in China? What could possibly go wrong?
Jade Cargo Freighters to be Auctioned Next Month - CargoForwarder Global
Failed experiment
Jade Cargo was established in October 2004 as a joint venture between Shenzhen Airlines (51%), Lufthansa (25%) and German development finance institute DEG (24%), with its base at Shenzhen Bao'an International Airport (SZX). It officially announced the closure of the company and the start of liquidation proceedings on June 4, 2012.
Jade Cargo was established in October 2004 as a joint venture between Shenzhen Airlines (51%), Lufthansa (25%) and German development finance institute DEG (24%), with its base at Shenzhen Bao'an International Airport (SZX). It officially announced the closure of the company and the start of liquidation proceedings on June 4, 2012.
