The ASL Aviation Group has raised its profile as one of the likely candidates to purchase TNT Airways after raising \u20ac100 million from two banks as part of the company\u2019s \u201cgrowth strategy.\u201d
\nAs FedEx prepares to take over TNT next year, the former must dispose of TNT\u2019s two owned carriers \u2013 TNT Airways and Pan Air L\u00edneas A\u00e9reas \u2013 because foreign ownership of a European airline is not permitted. Dublin, Ireland-based ASL, which is 51 percent owned by Belgian maritime group Compagnie Maritime Belge, has long been rumored as a leading candidate for the sale and had expressed interest in acquiring TNT\u2019s air arm last month.
\nThe Irish Times said ASL is borrowing a total of \u20ac101 million from BNP Paribas Bank and Lloyds Bank Commercial to fund its growth plans. BNP will provide almost \u20ac55 million through its Paris and Brussels offices, while Lloyds\u2019 branch in Birmingham will provide the balance.
\nThe FedEx\/TNT transaction is expected to close by June 2016, so a decision on the sale of the two airlines must be made prior to the closing date. ASL wanted to buy both TNT Airways and Pan Air L\u00edneas A\u00e9reas four years ago when UPS attempted to buy TNT. That deal fell through due to the European Commission\u2019s rejection of the acquisition on antitrust grounds.
\nASL acquired Farnair a year ago, and rebranded its four European airlines this past summer. The four airlines are ASL Airlines Ireland, ASL France, ASL Airlines Switzerland and ASL Airlines Hungary. ASL now has Air Operators Certificates in Europe, South Africa, South East Asia and India.
\nSource: aircargoworld<\/p>\n
<\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"
The ASL Aviation Group has raised its profile as one of the likely candidates to purchase TNT Airways after raising \u20ac100 million from two banks as part of the company\u2019s \u201cgrowth strategy.\u201d As FedEx prepares to take over TNT next year, the former must dispose of TNT\u2019s two owned carriers \u2013 TNT Airways and Pan[…]<\/a><\/p>\n","protected":false},"author":1,"featured_media":422,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/posts\/421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/comments?post=421"}],"version-history":[{"count":0,"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/posts\/421\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/media\/422"}],"wp:attachment":[{"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/media?parent=421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/categories?post=421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.actlogistics.vn\/kr\/wp-json\/wp\/v2\/tags?post=421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}