Nippon Yusen Kabushiki Kaisha (NYK) and Japan Airlines International (JAL) have officially ended negotiations around a possible merger of the cargo businesses of JAL and NYK's subsidiary, Nippon Cargo Airlines (NCA). The negotiations involved the restructuring and the feasibility of a potential merger of the cargo business of JAL and NCA. Both parties said they have reached an amicable conclusion to end the negotiations because the structure of the merger could not be organised within the scope … [Read more...] about NYK/JAL negotiations end, JAL may exit cargo
Nippon Cargo Airlines
JAPAN: NCA stalls fleet expansion, losses until 2011
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
NCA stalls fleet expansion, losses until 2011
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 aircraft under its own operation to 24 by the end of 2013. But NCA will … [Read more...] about NCA stalls fleet expansion, losses until 2011
Three more carriers nabbed for price fixing
Three more cargo carriers - Cargolux, Nippon Cargo Airlines and Asiana Airlines - have agreed to pay criminal fines totalling US$214 million for their role in a global price fixing conspiracy. Additionally, Asiana was charged with fixing the passenger fares on flights from the US to Korea from as early as 2000. Cargolux will pay a fine of $119 million; Nippon Cargo, $45 million; and Asiana, $50 million. In addition, three senior air cargo industry executives agreed to serve jail terms. The … [Read more...] about Three more carriers nabbed for price fixing
JAL and NCA to cargo code-share
Japan Airlines (JAL) and Nippon Cargo Airlines (NCA) have agreed to begin code share cargo flights from 29 March. The agreement will begin with code-share flights between Narita, Tokyo and Chicago and Los Angeles with a later expansion to New York, Seoul and Shanghai, pending approval. JAL currently operates freighter-only flights on 27 routes worldwide with 70 flights per week, and with this code share agreement, the number of cargo flights a week increases to 75. … [Read more...] about JAL and NCA to cargo code-share