Wilmington, Ohio-based ABX Air has begun a two-year agreement to support the Asian cargo operations of All Nippon Airways (ANA) of Japan, reports the Dayton Daily News.

ABX has deployed two Boeing 767 freighters and recently flew its first cargo flight for ANA from Osaka to Dalian and expects US$22 million a year from its All Nippon deal.

ABX said it will spend $23 million to buy a Boeing 767-200 long-range aircraft from Air China for international cargo service.

"The Asia-Pacific region is the fastest-growth area in the world," said David Campbell, an industry analyst who follows ABX Air for Thompson, Davis & Co.