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.
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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