NIPPON Yusen Kabushiki Kaisha announced this week that it would sell its air-cargo division, Nippon Cargo Airlines (NCA), to ANA.
The shipping line said the “considerable expenditure” of introducing new aircraft and maintaining aircraft was challenging.
On the other hand, ANA was interested in the air-cargo business to “dramatically enhance its international air cargo network and products and services based in Japan and also with the aim to contribute to the development of global economic activities both in Japan and abroad”.
NYK said NCA was established in 1978 with the participation of several companies as an airline specialising in international cargo.
NYK has been involved in the management of NCA as a major shareholder since its establishment, and in 2010, NYK acquired all of the entire shares of NCA with the aim of becoming a comprehensive logistics company offering ocean, land, and air transportation.
