Nippon Cargo Airlines (NCA, Headquartered in Tokyo; President: Tadamasa Ishida) released its revised medium- and long-term business plan, The NCA Phoenix Project - "Declaration of Evolution," on June 23, 2009. Under the plan, we will carry out dramatic reforms of our business structure to overcome the difficulties we face, achieving a scale of business and network that is appropriate and efficient in an attempt to break even by 2011.

In the meantime, in order to concentrate our management resources, we have decided to forgo the opportunity to begin services from Haneda, Tokyo International Airport, when it is expanded in October 2010 (the date on which the new D?runway and regular international flight services are scheduled to begin.)

NCA will continue to provide high-quality air transportation services that satisfy clients' needs with flexibility and mobility so that we remain a reliable partner and the best choice for our customers.