Shenzhen-based Jade Cargo named Lufthansa Cargo VP-Margin Management Frank Naeve its new CEO, replacing Kay Kratky. Jade pointed out that Naeve previously served as LH Cargo GM-Sales-Greater Shanghai, giving him familiarity with the Chinese air cargo market. Separately, the Shenzhen Airlines-Lufthansa Cargo joint venture airline said it isseeking a capital injection of $50 million, funding that would "make us optimistic" Jade will become "a stable ...

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