Post Tagged with: "TNT"

ASL and  West Atlantic are raising cash

ASL and West Atlantic are raising cash

December 29, 2015 at 9:17 am 0 comments

The front-runner to acquire TNT’s two airlines – in terms of market speculation, anyway – is Ireland’s ASL Aviation Group and its 51% shareholder, Compagnie Maritime Belge (CMB). So it comes as little surprise that ASL has completed a funding round, worth US$110m, for “growth plans.” While no one isRead More

FedEx settles with pilots, takes next step with TNT

FedEx settles with pilots, takes next step with TNT

August 26, 2015 at 10:50 am 0 comments

It has been an interesting week for FedEx. First, the company reached a tentative agreement on an amended collective bargaining agreement with the Air Line Pilots Association (ALPA, the union which represents FedEx’s pilots). This puts an end to four years of negotiations, the last ten months of which haveRead More

FedEx takeover of TNT enters Phase II

FedEx takeover of TNT enters Phase II

July 31, 2015 at 9:44 am 0 comments

The European Commission has begun its Phase II review of FedEx’s offer to acquire TNT Express. As both companies have pointed out, this is a normal part of the legal process for proposed mergers and acquisitions in the EU, not an unexpected roadblock. In addition to the review in Europe,Read More

TNT breaks even, increases CapEx in Q2

TNT breaks even, increases CapEx in Q2

July 28, 2015 at 10:53 am 0 comments

TNT Express reported second-quarter net income of €0, down slightly from the €1 million reported in the second quarter of 2014. This breakeven net result came despite a 6.2% increase in revenue to €1.76 billion. Reported operating income for the quarter was €19 million, up from €3 million in 2Q14.Read More

The last first quarter?

The last first quarter?

April 28, 2015 at 10:57 am 0 comments

TNT Express today reported its financial and operating results for the first quarter of 2015. Given that FedEx’s acquisition of TNT will likely close “in the first half of 2016,” it is possible that this will be TNT’s last first quarter. Of course, we said much the same thing severalRead More

The worldwide express fleet: Part III

The worldwide express fleet: Part III

April 17, 2015 at 8:44 am 0 comments

Two days ago, we began a three-part look at the jet freighter fleet operated by, or for, the integrated express companies. Part I looked at the way the combined fleet has changed over time, while Part II summarized the changes on a company-by-company basis. Today we look ahead at how the fleetRead More

The worldwide express fleet: Part II

The worldwide express fleet: Part II

April 16, 2015 at 9:43 am 0 comments

Yesterday, we began a three-part look at the jet freighter fleet operated by, or for, the integrated express companies. Part I looked at the way the combined fleet has changed over time, but there were also significant changes on a company-by-company basis, and that is what we will examine today, startingRead More

The worldwide express fleet

The worldwide express fleet

April 15, 2015 at 10:27 am 0 comments

Today, we begin a three-part analysis of the worldwide express freighter fleet. Over the next two days will look at the fleet on a company-by-company basis, and conclude with our thoughts on how the fleet will evolve in the future. But today we start with a look at the overall fleetRead More