Japan Post pulling out of cargo JV with ANA
Japan Post Service Company is planning to pull out of an international air cargo joint venture with All Nippon Airways, according to a Jiji Press report. Japan Post Service, a subsidiary of Japan Post Holdings, intends to sell its entire 33.3 per cent stake in the cargo carrier, ANA and JP Express to the airline […]
September 1, 2009
Japan Post Service, a subsidiary of Japan Post Holdings, intends to sell its entire 33.3 per cent stake in the cargo carrier, ANA and JP Express to the airline company, the report said quoting unnamed sources.
ANA currently holds 51.7 per cent in ANA and JP Express. The rest is owned by Nippon Express and Mitsui OSK Lines. Japan Post was said to be in talks with TNT on some form of international cooperation, but those talks fell through.
ANA meanwhile is planning changes to its cargo network that will see its Okinawa cargo terminal currently being built at a cost of two billion yen (US$21 million), connected with eight Asian airports, including Narita, Haneda and Kansai in Japan , according to the Asahi newspaper, also quoting un-named sources. The other airports are Seoul, Shanghai, Hong Kong, Taipei and Bangkok.