Going, going, gone...Jade Cargo to auction three 747-400Fs

default_image

© Khunaspix Dreamstime.

By Alex Lennane

15/09/2015

The likely fate of Jade Cargo’s (remember it?) aircraft was much debated when the joint venture carrier grounded its fleet at the end of 2011. After much speculation, China’s UniTop signed an LOI for the aircraft – but never took them. Anyway, finally now there is to be an auction of three 747-400Fs, including engines, with a starting price of CNY1.32bn ($207m). The sale will take place in Shenzhen on October 26.

Read more...

Comment on this article

You must be logged in to post a comment.

Topics

The China conundrum The freighter game Boeing

Most read news

What will Trump's win mean for the logistics industry?

No end to chaos in sight for shippers as Canada's port rows escalate

Ripples from standstill at strike-bound Canadian ports could spread inland

Canadian forwarders 'extremely frustrated' by lack of action to end port strikes

Cargo operations at Brazil's Guarulhos Airport on brink of collapse

Typhoon Kong-ray creates congestion at Shanghai, Ningbo and Kaohsiung

Disruptions at Canadian ports see rail operations hit the buffers

Carriers drop calls at Hamburg after congestion builds at CTA

Port of Valencia slowly gets back to work after floods from rainstorms

Box shipping's resilience will be tested after September drop in volumes

CMA CGM to resume Suez transits on India-US east coast service

Red Sea crisis provides a bonus for Chinese container manufacturers

Cross-border ecommerce continues to dominate air cargo markets

US port operators brace for tariff blitz if Trump gets second term

DHL lowers profit expectations after weaker-than-expected Q3

Houthis earn $2bn a year from Red Sea protection racket