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
NYK
No ‘plan-B’ for Cargo B as carrier folds
Belgium-based Cargo B Airlines is the latest victim of the global economic slump, announcing the immediate cessation of operations. A short statement issued by management said yields were lower than those needed to make a viable operation in the current market and added the situation looked no better in the near future. "The board of Cargo B Airlines, has had no choice but to take the difficult decision to stop its operation with immediate effect. Thanks to the hard work of all our staff and the … [Read more...] about No ‘plan-B’ for Cargo B as carrier folds
No 'plan-B' for Cargo B as carrier folds
Belgium-based Cargo B Airlines is the latest victim of the global economic slump, announcing the immediate cessation of operations. A short statement issued by management said yields were lower than those needed to make a viable operation in the current market and added the situation looked no better in the near future. "The board of Cargo B Airlines, has had no choice but to take the difficult decision to stop its operation with immediate effect. Thanks to the hard work of all our staff and the … [Read more...] about No 'plan-B' for Cargo B as carrier folds
