TNT Express N.V.
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Publicatie datum
16 nov 2012 - 08:00
Statutaire naam
TNT Express N.V.
Titel
TNT Express announces conditional sale of airlines to ASL Aviation Group
Bericht
Hoofddorp, 16 November 2012 – TNT Express N.V. (TNT Express) today announces the conditional sale of 100% of the equity interest in TNT Airways SA (TAY) and Pan Air Lineas Areas SA (PNR) to ASL Aviation Group. The transfer is conditional on and will become effective immediately prior to completion of the proposed UPS-TNT Express merger.
This change of ownership and control will ensure service continuity of the TNT Express operations after the completion of the proposed merger, in compliance with EU airline ownership and control rules [1].
TNT Express’ airlines (TNT Airways and Pan Air)
ASL Aviation Group is an established European group of aviation companies, which currently includes three airlines, two support services companies and various leasing entities. ASL Aviation Group holds a European air operator license and operates and owns a fleet of about 90 aircraft in use for freight and passenger services. ASL Aviation Group employs close to 1,200 personnel and generated revenues of around €410 million in 2011. ASL Aviation Group is owned by Compagnie Maritime Belge N.V. (51%) and 3P Air Freighters Ltd (49%). Hugh Flynn, Group Chief Executive of ASL Aviation Group, said: “I look forward to working with the highly skilled and dedicated TNT airlines team as we build the airlines for the future. Additionally, the transaction provides ASL with new opportunities for development and growth”.
From the outset, ASL Aviation Group will take over all flights performed by TNT Express’ airlines. ASL Aviation Group has entered into a service contract that will maintain service continuity. ASL Aviation Group will become a key third-party provider of the combined UPS-TNT Express group and will be invited to bid for all of the combined group’s outsourced air business in Europe when this becomes open to tender. Alongside its commercial agreement with UPS-TNT Express, ASL Aviation Group expects to develop further its third-party airline and maintenance businesses.
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Datum laatste update: 27 juli 2024