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Volume 14,Issue 3 Autumn 2012

Jade Cargo International receives 6 B747-400ERF aircraft

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Jade Cargo International Company Ltd. took delivery of its six new B747-400ERF aircraft on February 1st. The six B747-400ERF (Extended Range Freighter) previously purchased by Jade Cargo from Boeing were delivered to its Shenzhen Baoan International Airport base. With the delivery of the six new freighters, the Chinese company plans to intensify its existing air routes in Europe as well as expand its international market. Jade Cargo International is a partnership venture between Shenzhen Airlines, holding 51 percent share, Lufthansa Cargo, with 25 percent share, and DEG–Deutsche Investitions- und Entwicklungsgesellschaft, owning 24 percent of the venture. It is the first cargo airline joint venture in China between a local company and foreign firms.

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