Post Tagged with: "TNT"

ASL to take over TNT Airways

ASL to take over TNT Airways

February 5, 2016 at 10:53 am 1 comment

  One of the biggest questions arising out of FedEx’s acquisition of TNT Express has been answered: Ireland-based ASL Aviation Group signed an agreement to acquire TNT’s airline operations, including both TNT Airways, and Spain-based Pan Air Lineas Aéreas. The agreement is conditional on the completion of FedEx’s acquisition ofRead More

FedEx/TNT — all over but the shouting

FedEx/TNT — all over but the shouting

January 8, 2016 at 10:51 am 0 comments

No, FedEx did not complete the takeover of TNT today, and no, it won’t happen tomorrow, but the European Commission today granted unconditional approval of the deal, and completion is now a foregone conclusion. Margrethe Vestager, the European Union’s Commissioner for Competition, said the EC had “thoroughly assessed the markets affected,” andRead More

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