Jade Cargo International, a Lufthansa Cargo (LHC)/Shenzhen Airlines (ZH) joint venture that temporarily suspended operations earlier this month, has signed a letter of intent with China’s UniTop Group to restructure the troubled carrier (ATW Daily News, Feb. 6). UniTop is a Chinese logistics enterprise founded in 1998 with a registered capital of CNY31 million ($4.9 million). It is expected the restructuring process will take two months to complete. In the meantime, the carrier ...

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