NCA goes cold on changes to JAL Cargo merger

THE proposed merger between Nippon Cargo Airlines (NCA) and Japan Airlines’ (JAL) cargo division has stalled.The merger was planned for completion on 1 April, with NCA absorbing JAL’s cargo operations and holding a 50 to 60 per cent stake in the new business, JAL holding the rest.However, JAL has now filed for bankruptcy protection and is being led through restructure by the state-owned Enterprise Turnaround Initiative Corporation (ETIC). ETIC is keen for NCA to takeover JAL Cargo completely, which it doesn’t want to do.According to a senior executive “the talks may be broken off” because of the impasse.

Share this story

Related Topics

Latest news

AirBridgeCargo extends handling partnership with Frankfurt Cargo Services

AirBridgeCargo Airlines (ABC) has renewed its cargo handling contract at Frankfurt/Main Airport with Frankfurt Cargo Services (FCS). FCS, a subsidiary…

Read More

Share this story

Navia finds Keys to expanding its network and offering

Melbourne-headquartered Navia has extended its Australian network with the purchase of Perth-based Keys Freight and Logistics. Logistics company Navia now has…

Read More

Share this story

time:matters offers first and last mile carbon offsetting on German rail network

Time critical logistics firm time:matters is adding carbon emissions offsetting to the first and last mile of its ic:kurier shipments…

Read More

Share this story