Latest news from Heavy Lift & Project Forwarding International Magazine

Jade Cargo International's future uncertain as operations suspended

June 7 - The international aviation media, in both China and Europe, is reporting a possible permanent grounding of Jade Cargo International, six months after operations of the Lufthansa Cargo and Shenzhen Airlines joint-venture were suspended.

The operation is reported to have debts of USD707 million, around USD170 million higher than the carrier's assets of USD534 million.

Commercial analysts are debating what impact the release of the line's six 747ERFs back onto the market will have, given the depressed nature of much of European consumer demand for goods from China.

Retailers are now reluctant to restock by air freight, preferring the cheaper air/sea and ocean services. The airline's restructuring costs are said to be at the core of the liquidity issues.

The line, which only commenced operations in April 2011, seven years after the airline was launched, employed six 747ERFs. HLPFI understands that the three leased aircraft will be returned to the two lessors. The future of the other three aircraft is undecided.

www.jadecargo.com

Heavy Lift | News

Fire outbreak at US port thumbnail image

Fire outbreak at US port

June 5 - A fire broke out aboard Höegh Autoliners’ ro-ro vessel Höegh Xiamen yesterday (June 4) at Blount Island, Jacksonville, USA; there are no injuries to any of the 21 crew members, who have all been evacuated from the vessel.
Views: 453
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Intradco charters AN-225

June 5 - Intradco Global, in collaboration with GTA GSM, charted the Antonov AN-225 freighter aircraft to transport nearly 1,000 cu m of medical supplies and personal protective equipment (PPE).
Views: 413
Pacific Osprey returns to service  thumbnail image

Pacific Osprey returns to service 

June 5 - Swire Blue Ocean’s (SBO) wind farm installation vessel Pacific Osprey has returned to service following the installation of its extended crane boom in Denmark. 
Views: 496

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