Jade Cargo International, founded in October 2004 and the first joint venture airline of its kind in China, is owned by Shenzhen Airlines Company Limited, Lufthansa Cargo AG and DEG - Deutsche Investitions - und Entwicklungsgesellschaft mbH, a subsidiary of KfW-Bank Group.
Along with destinations within China, the airline plans to serve additional Asian, European and American destinations.
About Shenzhen Airlines (SHZ):
Shenzhen Airlines, Co., Ltd., began operations in September 1993. It commands a fleet of 32 Boeing 737 aircraft and employs a staff of 2,700. The airline operates on more than 80 routes between Shenzhen and destinations such as Beijing, Shanghai, Wuhan, Nanjing, Harbin, Chengdu and Haikou. Based in the Shenzhen Special Economic Zone, the Chinese carrier ranks highly in terms of load factor, earnings and capacity utilization.
About Lufthansa Cargo:
Lufthansa Cargo AG is world leader in the international airfreight business. In 2004, the logistics services airline flew more than 1.75 million tonnes of freight and mail, logging 7.9 billion revenue tonne-kilometers. The cargo carrier employs a workforce of around 5,000 people worldwide. Its core activities focus on airport-to-airport business. In its global route network, Lufthansa Cargo serves about 450 destinations with a fleet of 19 freighters and by utilizing the belly capacities of more than 300 Lufthansa passenger aircraft. The bulk of its cargo business is trans-shipped through Frankfurt, Europe's biggest cargo airport.
About DEG:
DEG - Deutsche Investitions - und Entwicklungsgesellschaft mbH is one of the largest European development finance institutions for long-term project and company financing. For more than 40 years, it has financed and structured the investments of private companies in developing and transition countries. Its aim is to support the establishment and expansion of private enterprise structures so as to contribute to sustainable economic growth and lasting improvement in the living conditions of the local population. The company invests in profitable and sustainable development projects in all sectors of the economy, from agriculture and infrastructure to manufacturing and services.