News / NCA eyes sale of 747-400 freighters as it counts the cost of summer flight ban

© Mike Fuchslocher

Nippon Cargo Airlines, the freighter operator which saw its 11-strong fleet grounded in June over maintenance record issues, is to sell its 747-400Fs.

It also reported that – unsurprisingly given the length of its fleet downtime – it has made a loss.

As part of parent company NYK’s second-quarter results ending October 31, it noted: “Revenues were lower year on year, and a loss was recorded.”

It said: “As part of the … improvement measures, Nippon Cargo Airlines has decided to narrow down the types ...