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Jade Cargo airline closes: six airplanes grounded

Shenzhen, China - For solvency problems

The cargo airline, Chinese-German joint-venture, closed with grounding its own six B-747/400ERF, seems due to problems to acquire fuel to power them. A unknown source reported that the airplanes will be at ground for weeks, and that despite of the uneasy financial situation the pilots and staff salaries have been paid. It seems that the crisis is deteriorated besides the fuel price increase, also...

fra/pec - 1136673

AVIONEWS - World Aeronautical Press Agency
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