TNT Express has agreed to sell its two airlines to ASL Aviation Group to overcome ownership restrictions triggered by its planned merger with UPS.
TNT Airways 777F. By Rob Finlayson TNT Express has agreed to sell its two airlines to ASL Aviation Group to overcome ownership restrictions triggered by its planned merger with UPS. ASL Aviation is parent to Irish cargo airline Air Contractors (AG) as well as French passenger and cargo operation Europe Airpost (5O). Under the deal, ASL will acquire 100% of TNT Airways (3V) and Spanish carrier Pan Air (PV) just before UPS and TNT merge (ATW Daily News, Oct. 31). “We have ...
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