Nippon Cargo Airlines, the freighter operator which saw its 11-strong fleet grounded in June over maintenance record issues, is to sell its 747-400Fs.
It also reported that – unsurprisingly given the length of its fleet downtime – it has made a loss.
As part of parent company NYK’s second-quarter results ending October 31, it noted: “Revenues were lower year on year, and a loss was recorded.”
It said: “As part of the … improvement measures, …
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Source: The Loadstar