NYK invests $5 million in Jett8
Japanese shipping group NYK has invested $5 million in startup air cargo carrier Jett8 Airlines Cargo based in Singapore. The announcement follows on from the non-binding tentative 'heads of agreement' outlined in February.
Jett8 last Friday obtained an air-operator's certificate from the Singapore government and is planning to begin services among Asia, Europe, and the Middle East, at earliest, by the end of the month.
Nippon Cargo Airlines, a subsidiary of NYK, was also a party to the heads of agreement, and plans to expand its business into Indonesia, Europe, and the Middle East through a business alliance with Jett8.
NYK invests $5 million in Jett8
