na From Germany, joined Dec 1999, 10679 posts, RR: 9 Posted (1 year 7 months 1 week 14 hours ago) and read 3134 times:
I wonder if they are going to take more of the parked Jade Cargo fleet now that they have retired all 742Fs. So far their 744 fleet is from a mishmash of sources (a single 744ERF plus 3 BDSFs from 3 different airlines with two different engine types).
na From Germany, joined Dec 1999, 10679 posts, RR: 9
Reply 9, posted (1 year 7 months 4 days 20 hours ago) and read 1933 times:
Quoting BestWestern (Reply 7):
I thought they were partly owned by Shenzhen air rather than the government!
51% of Jade Cargo was owned by Shenzhen Airlines, not necessarily the airplanes. If the government would own them they would have transferred them to Air China Cargo I would suppose. They could replace older BCFs there if the capacity would have been too much.
Humanitarian From United States of America, joined Jan 2012, 106 posts, RR: 0
Reply 10, posted (1 year 7 months 4 days 14 hours ago) and read 1750 times:
In China the govt pretty much owns and/or controls many business assets that are not owned by foreigners. I am told a State owned asset is unlikely to be leased out and registered to a foreign entity outside China. Why they haven't put the Jade aircraft to use in China is unclear at this time - they may be tied up in red tape or lack of business.
TZTriStar500 From United States of America, joined Jan 2004, 1452 posts, RR: 9
Reply 13, posted (1 year 7 months 4 days 4 hours ago) and read 1362 times:
One thing for certain is Southern is still in Chapter 11 and though I have no first hand knowledge, must be fighting for its survival. They cannot stay in Chapter 11 forever and their operation must be able to generate cash plus will require exit financing to get out. Part of a restructuring unfortunately is laying-off some employees and have reduced some cost by replacing the 742Fs with 744Fs. I am intrigued by the article stating they have a plan to relocate certain operations. Does anyone know if they plan to leave Norwalk?
Looks like I just answered my own question. I looked at their website and appears they are moving to Cincinnati as all their open jobs are for there.
[Edited 2013-01-20 18:51:24]
35 years of American Trans Air/ATA Airlines, 1973-2008. A great little airline that will not be soon forgotten.