The shipping company NYK reached an agreement with All Nippon Airways Holdings (ANA) for the transfer of the total shares of the cargo carrier Nippon Cargo Airlines (NCA). This sale by NYK is due to the cargo airline’s excessive operating costs.
«The continuous introduction of new aircraft to expand the operation and maintenance system, and the ongoing training of personnel engaged in operation and maintenance required considerable expense. In the highly volatile business environment of air cargo transportation, NCA has faced challenges in expanding its scale of business to a level commensurate with such costs.» Said NYK in a statement.
While the transfer is a done deal, the terms of the agreement have yet to be finalized. Both companies agree that the transaction will be effective before October 1. NCA operates a total of 8 Boeing 747-8F aircraft and also owns 5 Boeing 747-400F operated by ASL and Atlas Air.
This agreement directly benefits ANA, as it will be able to expand its cargo fleet and distribution network. The main objective is to enhance its international cargo network and contribute to the development of global economic activities in Japan and abroad.
