Jade Cargo International announced it has “temporarily suspended” all operations due to “overall weak demand.” In a Dec. 31 statement on its website, Jade said the suspension “will also provide the shareholders with an opportunity to coordinate with stakeholders to continue with the restructuring of the company’s financial structure.” According to several German media outlets, the airline will ground its fleet of six Boeing 747-400ER freighters ...

Subscribe to Access this Entire Article

"Jade Cargo suspends operations" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.