Ireland’s ASL Aviation Group has acquired BAe 146QT operator Pan Air Líneas Aéreas from TNT Express, as well as former BAe 146QT operator TNT Airways. TNT Express had to sell its airline operations as a condition of its own sale to FedEx, as European Union regulations require airlines to be […]
TNT Express has agreed to sell its two airlines, TNT Airways and Pan Air Líneas Aéreas, to Dublin-based ASL Aviation Group. The sale will take effect once FedEx’s acquisition of TNT is completed, probably around mid-year. Both airlines will continue to operate on behalf of FedEx-TNT. TNT Express needs to divest […]
The proposed acquisition of TNT Express by FedEx Express has been approved by the European Commission. The commission had already informed FedEx and TNT in October that it would not be objecting to the deal. TNT has offered several concessions to secure this approval, including selling its TNT Airways and Pan Air Líneas Aéreas subsidiaries. […]
FedEx Express has agreed to buy TNT Express for EUR4.4 billion (USD4.8 billion). The deal needs to be approved by TNT’s shareholders and by European Union competition authorities. Should the deal be approved, the two companies will be integrated. The TNT brand name would be retained at first, but would eventually be […]
