Japan’s Nippon Cargo Airlines – a subsidiary of Nippon Yusen Kabushiki Kaisha (NYK Line), the nation’s largest shipping firm – has announced a stalling of its fleet expansion plan over the next three years to weather “unprecedented” economic turbulence. Japan’s second-largest international air cargo carrier after Japan Airlines, currently operates eight Boeing 747- 400Fs and had originally planned to increase the number of … [Read more...] about JAPAN: NCA stalls fleet expansion, losses until 2011