Jade Cargo International (JI)—a Lufthansa Cargo (LHC)/Shenzhen Airlines (ZH) joint venture that struck a deal with China’s UniTop in March—may be liquidated after China’s UniTop abandoned its restructuring plan.
Jade Cargo International (JI)—a Lufthansa Cargo (LHC)/Shenzhen Airlines (ZH) joint venture that struck a deal with China’s UniTop in March—may be liquidated after China’s UniTop abandoned its restructuring plan (ATW Daily News, March 2). An industry insider said UniTop gave up its restructuring plan because of “unpredictable” restructuring costs related to the disparity of the fleet of the two carriers. “Jade Cargo used to operate six Boeing ...
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