Nippon Cargo Airlines said this week that it will abandon expansion plans until 2012 at the earliest, deciding to forego adding 16 747 freighters by 2013 as previously planned. Its current fleet size of eight 747-400Fs will remain frozen through at least March 2012, it said in statement. President Tadamasa Ishida said, "While the cargo industry has seen economic slowdowns in the past, what we are experiencing since the latter half of 2008 is proving to be unprecedented. Lack of consumer ...

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