January 9, 2019
Nippon Cargo Airlines Expands Agreement with Atlas Air, Inc.
Nippon Cargo Airlines (NCA) today announced that the airline will add three additional B747-400F aircraft to the existing operating agreement with Atlas Air, Inc., a member of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW). In total, Atlas will operate five B747-400F aircraft for NCA under the strategic partnership. Both parties will jointly utilize these B747-400F aircraft to enhance a mutually beneficial relationship. In addition, NCA will continue to operate a fleet of eight B747-8F aircraft.
Hitoshi Oshika, President and Chief Executive Officer, NCA, said “The partnership with Atlas has enabled NCA to expand our network to capture growth opportunities throughout Asia. The addition of these three aircraft will allow NCA to provide our customers with additional air freight capacity especially for the growing e-commerce business.”
“We are delighted to grow our partnership with Nippon Cargo Airlines,” said William J. Flynn, President and Chief Executive Officer, Atlas Air Worldwide. “NCA has selected Atlas Air to operate its entire 747-400F fleet, and we look forward to continuing to provide NCA and its customers with an unmatched service and a platform for future global expansion.”
These three aircraft are planned to start operation in April, July, and September 2019, respectively.