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Japan airlines Ends Cargo Operation with Yusen KK

02-Mar-10 15:28 | Admin Dept (administrator)

Japan Airlines Corp and Nippon Yusen KK, the largest shipping company in Japan said Tuesday it has decided to enter talks to end cargo operations, when the plan failed after the carrier filed for bankruptcy will be in January.

The decision is nearby the subject JAL to reduce significantly the loss of view is that the air cargo operations, including the possible lifting of the cargo flight under the rule led by rehabilitation.

JAL does not seem to even out the differences in the merger after the government sponsored enterprises such relief initiative of Japan, which sponsors the restoration efforts, called for major changes in how the load because it is sensitive to changes in economic conditions.

The decision could also choose to JAL's efforts to prepare and submit a plan for the rehabilitation of the Tokyo District Court in late June

The two parties,''a friendly negotiations, because the structure of merger must be organized under Abkommens''zwischen the two companies have reached an end, said in a statement.

The carrier has negotiated and Nippon Cargo Airlines Co, Nippon Yusen cargo unit Air, had since August last year to merge their shipping operations around April this year.

JAL originally introduced the charge and spin-related activity accounts for about one third of the ANC Carrier Integrated Cargo.

The statement said the two companies for existing relationships, including the further operation of cargo flights as part of an agreement to codeshare.

The turnover of JAL cargo handling operations, have the peak in 2006 of tax 239.4 billion yen to 199.8 billion yen for fiscal 2008 decreased due to the impact of global economic slowdown. The company also recorded operating losses of approximately 20 billion yen in the part of the load for the year to March 2009.

 


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