NYK, Shipping and logistics group and All Nippon Airways (ANA) have entered into a definitive agreement on the transfer of all shares in freighter operator Nippon Cargo Airlines (NCA). The transfer of shares will take place on October 1 subject to approval by NCA shareholders. The companies had signed a basic agreement on the deal in March.
Nippon Cargo Airline is a B767 freighter airline.
A recent stock exchange filing read: “ANA, in order to dramatically enhance its international air cargo network and products and services based in Japan and also with the aim of contributing to the development of global economic activities both in Japan and abroad, expressed its strong desire to add NCA – the only Japanese airline dedicated exclusively to air cargo transportation – to its business portfolio and integrate and reorganise NCA within the cargo business of the ANA group in the future, thereby realizing the goal of providing high-quality and internationally competitive air cargo transportation services that can respond to the increasing sophistication of the supply chain.”
“Nippon Cargo would be better positioned to grow further within an airline group, which would also in a better position to support NCA with emissions reduction requirements. The continual introduction of new aircraft to expand the operation and maintenance system, as well as the continual training of personnel engaged in operation and maintenance required considerable expenditures,” NYK said.
