Independent journal on economy and transport policy
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ASL Aviation signs a preliminary agreement with TNT Express in order to buy the airlines TNT Airways and Pan Air Lineas Aéreas
the acquisition is conditioned to the completion of the fusion of TNT Express with UPS
November 19, 2012
ASL Aviation, joint venture participated with 51% from the shipowning society Maritime Companies Belge (CMB) and with 49% from the bottom of private equities 3P Air Freighters managed from the Belgian group Petercam, has signed a preliminary agreement with the Dutch logistic group TNT Express in order to buy the entire capital stock of the airlines TNT Airways (TAY) and Pan Air Lineas Aéreas (PNR). The acquisition is conditioned to the completion of the fusion of TNT Express with the American logistic group UPS.
ASL Aviation work a fleet of about 90 aircrafts for the transport of goods and passengers and appoints to a job 1,200 people. Last year the society has recorded revenues for 410 million euros. TNT Airways work a fleet of 36 aircrafts cargo, while Pan Air Lineas Aéreas has a fleet of six aircrafts goods.
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