ANA to acquire Nippon Cargo Airlines in October

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