Dublin-based ASL Aviation Group has signed a conditional agreement to buy two cargo airlines owned by TNT Express, which is itself being acquired by FedEx. TNT Express is being acquired by FedEx and, if the deal succeeds, TNT’s Belgian airline TNT Airways and its Spanish carrier Pan Air Líneas Aéreas will have to be divested due to airline ownership regulations. As reported by ATW last November, ASL Aviation Group was always a likely candidate to acquire the two ...

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