All Nippon Airways (ANA), Japan’s flag carrier, has reportedly cancelled its cargo unit’s joint ventures with two international carriers.
ANA had joint operations with Germany’s Lufthansa and US airline United but has now cancelled the international arrangements.
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The Lufthansa joint venture was struck in 2014 and ANA said it was the world’s first air freight joint business of its type.
ANA and United joined forces on the companies’ cargo divisions in 2016. All three airlines are part of the international Star Alliance.
However, ANA is in the process of finalising its acquisition of Nippon Cargo Airlines (NCA) and it is likely this deal is the reason behind ANA’s changing structure.
In March NCA’s holding parent company Nippon Yusen Kaisha (NYK) confirmed it had agreed to transfer all its stock to ANA, saying: “NYK and ANA will keep their discussion aiming the transfer of our stocks by 1st of October 2023, but we will continue our business as is and keep on providing safe and high-quality services to our valued customers and partners.”
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By GlobalData
