Japan Post and Sankyu to form Joint Venture
Japan Post has announced that it will establish an international air cargo joint venture with Sankyu Inc.
The as yet unnamed joint venture, which will be owned by Japan Post Service (60%) and by Sankyu (40%), is expected to begin operations in July.
Sankyu will transfer its international air cargo operations to the joint venture.
The JV partners also plan to set up subsidiaries overseas.
Japan Post and Sankyu have co-operated on parcel services between Japan and the rest of Asia since 2004, with Sankyu collecting parcels overseas and Japan Post delivering in Japan.
