ASL Aviation Holdings acquired by private equity firm, will rapid fleet growth continue?

Ireland-based ASL Aviation Holdings, no stranger to acquisitions, announced its intent to be purchased by private equity firm Star Capital Partnership LLP for an undisclosed amount. In recent years, the ASL Group, which owns or holds stakes in cargo and passenger airlines based in Europe, Africa, and Asia, has grown rapidly by gobbling up complementary […]

FedEx acquires TNT – now the hard work begins

Today FedEx reached the end of its long road to the acquisition of TNT. It also started down the longer, and likely more rocky, road of making that acquisition work. To begin, nothing much will change. “In the near term, customers can expect to interact with each company as they always have,” is the official […]

FedEx settles with pilots, takes next step with TNT

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 have been conducted under mediation by […]

FedEx offers €4.4 billion for TNT

“It’s déjà vu all over again.” Or is it? Do the words of the famous American philosopher Yogi Berra apply to FedEx’s offer to buy TNT? Or is it significantly different from UPS’ attempt to do the same thing two years ago? (An attempt that was torpedoed by the European Commission on the grounds that […]

Southern Air parent to acquire Florida West

Southern Air Holdings today announced that recently created subsidiary Worldwide Air Logistics Group has agreed to acquire Miami-based Florida West International Airways (FWIA). The deal is subject to regulatory approval, but when completed will see FWIA join Southern Air under the Worldwide Air Logistics Group umbrella. Southern currently operates four 777Fs and six 737-400Fs on […]
CF_9_18_cover