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Aircraft and finance. TNT Express announces conditional sale to ASL Aviation Group

Hoofddorp, Netherlands - If the merger between the Dutch company and UPS has a positive outcome

On Friday 16 November 2012 TNT Express announced the conditional sale of 100% of the equity interest in TNT Airways SA and Pan Air Lineas Areas SA to ASL Aviation Group, which will become effective immediately prior to completion of the proposed UPS-TNT Express merger. The main hurdle in front of this operation is the European Commission, since Community rules make difficult for a foreign entity,...

AVIONEWS - World Aeronautical Press Agency - 1147410

AVIONEWS - World Aeronautical Press Agency
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