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Last updated on April 18, 2014 at 8:52 EDT

Latest Galaxy Airlines Stories

2008-10-06 18:00:24

Tokyo, Oct. 6 (Jiji Press)--Galaxy Airlines, the air cargo arm of Japanese transportation service group SG Holdings Co., reported to the Ministry of Land, Infrastructure, Transport and Tourism on Monday that it will close down. The company will sell its two medium-sized cargo planes and be liquidated by March next year. It is the first time for a Japanese air cargo company to quit its business since Orange Cargo Inc. in April 2004. Galaxy was established in 2005 with the aim of...

2008-08-05 18:00:26

Tokyo, Aug. 5 (Jiji Press)--Galaxy Airlines, an air cargo arm of Japanese transportation service group SG Holdings Co., said Tuesday it will shut down all four of its domestic routes on Oct. 5 because of soaring fuel costs. SG Holdings, which has Sagawa Express Co. as a key operating unit, is considering liquidating the cargo airline. Nobuaki Kondo, board director of SG Holdings, said at a press conference that operating costs including fuel expenses and maintenance fees far exceed...