Japanese ocean shipping and transport company Nippon Yusen Kabushiki Kaisha, also known as NYK Line, on Tuesday announced it will sell Nippon Cargo Airlines to All Nippon Airways. The decision reverses a new trend of vessel operators establishing their own freighter airlines.
Publicly traded NYK Line said it is exiting the air cargo business because it has become too expensive to run a profitable airline and grow to meet new demand. NCA owns and controls 15 Boeing 747 jumbo freighters: eight...
https://www.freightwaves.com/news/nyk-line-bucks-trend-exits-cargo-airline-business