JAL, NYK plan air cargo merger

8/25/2009 10:15:59 AM

Japan Airlines (JAL) is looking to revamp its money-losing cargo business by teaming up with shipping firm Nippon Yusen KK (NYK) as part of the airline's plan to return to profitability with the help of restructuring, Dow Jones reported.   JAL and Nippon Yusen said they will begin talks to integrate of their air cargo operations as demand for such services dwindles amid the economic slowdown.   The two companies will discuss the establishment of a joint venture to merge operations at subsidiaries Japan Airlines International and Nippon Cargo Airlines, aiming to opening the new entity on April 1 next year.   Cargonews Asia

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