TNT ready to sell its airline

A pre-requisite for UPS’ takeover

28 planes airline unit Belgium European Union competition regulators General Logistics Systems Liege hub private equity firms Royal Mail Group takeover TNT Express United Parcel Service

TNT Express has started talks with two bidders to sell its airline unit – it has a fleet of 28 planes that operate from its Liege hub in Belgium — as a part of its effort to finalise a takeover by United Parcel Service Inc, according to The Wall Street Journal. The report mentioned that talks were at an advanced stage, but there were obstacles from the European Union competition regulators.

Reports indicate that the potential buyers are private equity firms and General Logistics Systems, an Amsterdam-based delivery company controlled by the UK’s government-owned Royal Mail Group.