Overview

• ANA completed a simplified share exchange with NYK Line on August 1, making Nippon Cargo Airlines a wholly owned subsidiary.
• The deal secured approval from the Japan Fair Trade Commission in January and received conditional clearance from Chinese competition authorities in early July.
• ANA will consolidate NCA’s balance sheet and income statement in the second quarter of fiscal 2025 after the final share transfer.
• The combined cargo fleet now comprises eight Boeing 747-8s alongside ANA’s six 767s and two 777 freighters.
• The integration expands the group’s global network capacity on routes across Asia, Europe and North America without disclosing financial terms.