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JAL Subsidiary Strengthens Partnership with Mitsubishi Logistics

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Japan Airlines, JAL Group subsidiary Jupiter Global Limited (JPT), and Mitsubishi Logistics Corporation have concluded an agreement to cooperate more closely in their cargo business, and also to increase the paid-in capital of JPT through a third-party allotment of new shares to Mitsubishi Logistics, which will subsequently hold 49% of shares in JPT while the JAL Group holds 51%.

The new and deeper level of relationship will allow JPT to draw from Mitsubishi's wealth of know-how accumulated over more than a hundred years of operations in the logistics industry in Japan, enabling JPT to strengthen its cargo transportation, storage and forwarding services as it strives to develop into a comprehensive global logistics provider.

JPT will also be able to provide customers with a wider variety of solutions through utilizing Mitsubishi's ocean freight and third party logistics functions.

Through joint sales and operational efforts with Mitsubishi Logistics, new synergies can be created that will better equip JPT with the capabilities of catering to the wide-ranging needs of new customers, meeting their expectations with solutions and services they truly seek, and thus raising the competitiveness of JPT and of JAL.

With the growth and advancement of JPT, JAL aims to build a resilient cargo business structure with a consistent revenue stream.

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