TNT – the final quarter

TNT published its first-quarter 2016 results. Or perhaps “final quarter” would be a better term, or “last full quarter.” After seventy years in business, TNT is counting down its final six weeks, with 6 June likely the day FedEx will formally acquire the Netherlands-based express company. But in the meantime, TNT reported a net first-quarter loss […]
  • David Harris
  • April 26, 2016

Quikjet launches Indian domestic freighter service

It has been a long time coming, but India-based all-cargo carrier Quikjet finally launched service, offering overnight flights connecting Delhi, Chennai, Bengaluru and Hyderabad with its single 737-400 freighter. Quikjet was formed as a startup in 2007, backed by various Indian investors, including the Tata Group. In 2012, Switzerland-based Farnair acquired a 36% stake in […]
  • David Harris
  • February 17, 2016

ASL to take over TNT Airways

  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 of TNT, but regulatory authorities in […]
  • David Harris
  • February 5, 2016

ASL and West Atlantic are raising cash

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 is talking much about their possible […]
  • Alex Lenanne
  • December 29, 2015

European (dis)Union

Looked at through the lens of aviation, the European Union seems to be trying to go in two opposite directions at the same time. On one hand, the European Commission has just published what it calls “a new Aviation Strategy for Europe.” This four-part plan includes initiatives to accelerate the Single European Sky project; to […]
  • David Harris
  • December 8, 2015

Is it finally India’s time?

European aviation holding company ASL Aviation Group said today that, through subsidiary carrier Farnair, it would increase its shareholding in India-based all-cargo startup Quikjet from 50.93% to 72.59%. Is this a sign that India’s time to shine on the air freight stage has finally come? Is ASL’s plan to put one of its newly-converted 737-400Fs into […]
  • David Harris
  • May 27, 2015

What next for TNT Airways?

EU law will require FedEx to divest the TNT Airways fleet if its takeover of TNT Express is allowed to proceed. But just what is that fleet, and what will happen to it when it is divested? We last visited this subject in 2012, when UPS and TNT were going through what FedEx and TNT […]
  • David Harris
  • April 8, 2015

ASL to acquire Farnair

Ireland-based ASL Aviation Group signed an agreement to acquire the Farnair Group of companies. ASL said it expected the transaction to close by the end of this year, but gave no financial details. ASL, a joint venture of Compagnie Maritime Belge (CMB, 51%) and 3P Air Freighters (an aircraft leasing subsidiary of private equity group […]
  • David Harris
  • October 28, 2014
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