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 Yusen Kabushiki Kaisha
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
