Risk of Suspension of Operations and Improvement Orders Due to Improper Maintenance at Nippon Cargo Airlines
First written in FY2019-Q1. 5 of 14 entries say "Mitigated", first in FY2019-Q2. Latest entry: FY2026.
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- FY2026ReframedAnnual report
「As the share exchange between Nippon Cargo Airlines Co., Ltd. and ANA Holdings, Inc. was completed with 1 August 2025 as the effective date, Nippon Cargo Airlines Co., Ltd. is not included in results from the second quarter of the fiscal year ending March 2026 onward.」
Upon completion of the share exchange between Nippon Cargo Airlines and ANA Holdings, Nippon Cargo Airlines was removed from the scope of consolidation. - FY2026-H1Removal of Nippon Cargo Airlines from the scope of consolidationAnnual report
「On 1 August 2025, the Company completed the share exchange involving all shares in Nippon Cargo Airlines Co., Ltd., a consolidated subsidiary of the Company, as resolved by the Company's Board of Directors on 10 July 2023.」
The Company's business structure changed so that Nippon Cargo Airlines was removed from the scope of consolidation upon completion of the share exchange on 1 August 2025, in relation to the risks associated with the suspension of operations and remedial measures arising from improper maintenance. - FY2025Further postponement of the share exchange execution dateAnnual report
「Before the change 31 March 2025 (scheduled) After the change 1 July 2025 (scheduled)」
The scheduled execution date for the share exchange between Nippon Cargo Airlines and ANAHD was postponed again from 31 March 2025 to 1 July due to reviews of the business combination by Chinese authorities and other matters. - FY2024Further postponement of the share exchange execution dateAnnual report
「Before the change 1 April 2024 After the change 31 March 2025 (scheduled)」
The scheduled execution date for the share exchange between Nippon Cargo Airlines and ANAHD was postponed again from 1 April 2024 to 31 March 2025 because reviews by competition authorities remain ongoing. - FY2024-Q3Further postponement of the share exchange execution dateAnnual report
「As reviews remain ongoing in some countries and regions, the execution date has been changed as set out below. The Company, NCA and ANAHD have not changed their policy of proceeding with the share exchange.」
The execution date of the share exchange for the transfer of Nippon Cargo Airlines to ANAHD was postponed again because reviews by competition authorities remain ongoing. - FY2024-Q2Postponement of the share exchange execution dateAnnual report
「Completion of reviews by competition authorities in each country and region and other matters are conditions precedent to the execution of this share exchange. In light of the time required for the procedures and other matters, the execution date has been changed as set out below.」
The execution date of the share exchange for the transfer of Nippon Cargo Airlines to ANAHD was postponed due to reviews by competition authorities and other matters. - FY2024-Q1Final agreement on the transfer of Nippon Cargo Airlines through a share exchangeAnnual report
「At its Board of Directors meeting held on 10 July 2023, the Company resolved to transfer all shares in Nippon Cargo Airlines Co., Ltd., a consolidated subsidiary of the Company, through a share exchange under which ANA Holdings, Inc. would be the wholly owning parent company and Nippon Cargo Airlines Co., Ltd. would be the wholly owned subsidiary, and on the same date entered into an agreement with ANA Holdings, Inc. concerning the share exchange.」
The transfer of Nippon Cargo Airlines to ANAHD progressed from the basic agreement stage to a final agreement and Board of Directors resolution involving a share exchange. The effective date was scheduled for 1 October 2023. - FY2023Basic agreement on the transfer of Nippon Cargo Airlines to ANA HoldingsAnnual report
「In March of this year, the Company entered into a basic agreement with ANA Holdings, Inc. (hereinafter, “ANAHD”) concerning the transfer to ANAHD of all shares in Nippon Cargo Airlines Co., Ltd., a consolidated subsidiary of the Company.」
In addition to disclosing the risks associated with Nippon Cargo Airlines' suspension of operations and remedial measures in response to improper maintenance, the Company newly disclosed a basic agreement on the transfer of all shares to ANAHD. - FY2020-Q2MitigatedAnnual report
「All aircraft had returned to service and were operating by the end of the previous fiscal year, and cargo volume increased year on year. However, declining demand, due in part to the US-China trade dispute, led to lower load factors and freight rates, and the Company recorded a loss.」
All Nippon Cargo Airlines aircraft had returned to service by the end of the previous fiscal year, mitigating the impact of the suspension of operations due to past improper maintenance, but the Company recorded a loss as a result of declining demand. - FY2020-Q1MitigatedAnnual report
「In the air transportation business, the Company implemented measures in line with the improvement plan addressing Nippon Cargo Airlines Co., Ltd.'s past improper maintenance, and its aircraft operated as planned.」
The Company reported that it had implemented measures in line with the improvement plan addressing Nippon Cargo Airlines' past improper maintenance and that its aircraft operated as planned. - FY2019MitigatedAnnual report
「To confirm the airworthiness of its aircraft, the Company temporarily grounded all aircraft in operation and decided to limit its fleet to 8 Boeing 747-8F aircraft of a single type. Operations resumed sequentially for aircraft whose airworthiness had been confirmed, and operations for the eighth aircraft resumed in January, as planned, but the Company recorded a loss.」
Although the risk of a suspension of Nippon Cargo Airlines' operations remains, operations have been resumed sequentially after the 11 aircraft were grounded and their airworthiness was confirmed, with operations restored for the eighth aircraft in January 2019. - FY2019-Q3MitigatedAnnual report
「To confirm the airworthiness of its aircraft, the Company grounded all 11 aircraft in operation from mid-June and has been gradually resuming operations for aircraft whose airworthiness has been confirmed. By the end of December, operations had resumed for the sixth aircraft, as planned.」
Nippon Cargo Airlines continued to incur losses due to the impact of the suspension of operations, while operations had resumed for the sixth of the 11 grounded aircraft by the end of December. - FY2019-Q2MitigatedAnnual report
「By early October, the fifth aircraft had resumed operations and was serving the Shanghai, Hong Kong, North American, and European routes, but revenue was lower and a loss was recorded compared with the same quarter of the previous year.」
At 日本貨物航空, the impact of the flight suspensions persisted and a loss was recorded, while the number of aircraft that had resumed operations increased from 2 to 5. - FY2019-Q1First statedAnnual report
「Following findings that maintenance work previously performed by 日本貨物航空㈱ was improper, among other matters, the company underwent an on-site inspection by the Ministry of Land, Infrastructure, Transport and Tourism from May 2018 and received a “Business Improvement Order and Operational Improvement Order Concerning the Ensuring of Air Transport Safety” from the Minister of Land, Infrastructure, Transport and Tourism on 20 July. To verify the airworthiness of its aircraft, the company suspended all 11 aircraft in operation from mid-June, resulting in lower revenue and a loss compared with the same quarter of the previous year.」
The Company identifies as newly materialized risks the on-site inspection concerning 日本貨物航空's past maintenance work, the improvement orders issued by the Minister of Land, Infrastructure, Transport and Tourism, the suspension of all 11 aircraft in operation, and the resulting lower revenue and loss.