Nippon Cargo Airlines to lease cargo aircraft to Atlas Air

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Nippon Cargo Airlines (NCA) has agreed to terms with Atlas Air based in the US for the lease and air transport service of three NCA owned Boeing B747-400F (400F) cargo aircraft.

After the receipt of a business improvement order from Japan’s Ministry of Land, Infrastructure, Transportation and Tourism on July 20, 2018, NCA decided to use only B747-8F aircraft. This decision has been made to strengthen the safety of the company’s transportation service. Since then, the company had been examining the effective utilisation of the 400F, which NCA removed from operation.

The three 400F are scheduled to be sequentially leased out to Atlas in April, July, and September 2019. Based on the agreement with Atlas, NCA will increase cargo volume through a code share agreement, among other methods, by Atlas operated aircraft between Japan and the US.

NCA and Atlas have also agreed to extend the terms of an existing contract for the lease and service of two 400F in fiscal 2019, bringing the total to five aircraft in contractual agreements with Atlas.

Source: NYK Group