After a delay of several months from its original planned launch, Lufthansa and Shenzhen Airlines are ready to begin an ambitious joint venture.
Jade Cargo International will begin flight operations in August upon the delivery of its first freighter, a Boeing 747-400ERF. The first routes will be three times a week from Shenzhen, Southern China, to Amsterdam Schiphol and Seoul Incheon. "From the start, Jade Cargo International will assume a leading position in the fast-growing Chinese market," said managing director Dr. Rudolf Tewes.
Jade Cargo's trucking network will link Hong Kong and Guangzhou airports and provide regular trucking services connecting all major European airports with Amsterdam, its European gateway.
A second 747 freighter is due for delivery in November. A total of six aircraft are scheduled to enter service through January 2008. The company plans rapid expansion to serve intra-Asian, European and American destinations.
Jade Cargo International was founded as a joint venture between Shenzhen Airlines (51 per cent), Lufthansa Cargo (25 per cent) and DEG - Deutsche Investitions- und Entwicklungsgesellschaft (24 per cent). The airline currently has 120 employees.