The Chinese cargo carrier Jade Cargo International will begin operations at the beginning of August 2006, immediately after delivery of its first freighter, a Boeing 747-400ERF.

Initially Jade Cargo International will serve Amsterdam Schiphol (AMS) and Seoul Incheon (ICN) each three times a week from its cargo hub in Shenzhen (SZX), Southern China.

With a dense trucking network, Jade Cargo International has close links to Hong Kong (HKG) and Guangzhou (CAN) airports. The all-cargo carrier also provides regular trucking services connecting all major European airports with Amsterdam, its European gateway.

Jade Cargo International’s second Boeing 747-400ERF freighter is due for delivery in November 2006. The airline, which is based in China’s Pearl River Delta, has ordered a total of six aircraft of this type, which will enter service successively until January 2008.

Reto R. Hunziker has been appointed Executive Vice President Sales and Marketing at Jade Cargo International. As former Cargo Manager at Swiss WorldCargo, he brings a wealth of expertise to Jade Cargo International’s sales team. Based in Shenzhen, Hunziker will be responsible for global sales. Mr. Gu Rubai, a former bank executive for Bank of China abroad, has been appointed Executive Vice President Finance and Accounting and completes the Jade Cargo International top management team with broad international experience in financing matters.

Dr. Rudolf Tewes, Managing Director of Jade Cargo International, commented, “We will rapidly expand our route network and serve intra-Asian, European and American destinations. From the start, Jade Cargo International will assume a leading role in China’s fast-growing air cargo market.”

Jade Cargo International was founded as a joint venture between Shenzhen Airlines (51%), Lufthansa Cargo (25%) and DEG - Deutsche Investitions- und Entwicklungsgesellschaft (24%).