CMA CGM Air Cargo eyes expansion with bid for Air Belgium
CMA CGM Air Cargo has swooped in to bid for Air Belgium, after a Dutch ...
Photos: Dreamstime
By Alex Lennane
NYK Line has bucked the flying liner trend, becoming the first shipping line to ditch its air cargo subsidiary citing too high a cost.
This morning it announced it intended to sell 100% of the shares in Nippon Cargo Airlines (NCA) to rival All Nippon Airways (ANA) – but there will be no job losses, ANA pledged.
NYK, which has capital stock worth ¥10bn ($73m), agreed an MoU with ANA to complete the deal on 1 October. NYK bought all the shares ...
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