TNT Express sells its airline

Buyer is ASL but the transfer will have to wait till the UPS-TNT merger is completed

3P Air Freighters 90 aircraft Air Contractors ASL Aviation Group Compagnie Maritime Belge Europe Airpost Pan Air Lineas Areas Safair TNT Airways TNT Express

TNT Express has announced plans to sell TNT Airways and Spain-based carrier Pan Air Lineas Areas, to ASL Aviation Group (ASL). The transfer, according to TNT, will come into effect once the UPS-TNT Express merger is completed.

ASL, which is a joint-venture between Compagnie Maritime Belge (CMB) and 3P Air Freighters, currently consists of three airlines – Air Contractors (based in Ireland), Europe Airpost (France) and Safair (South Africa) – two support service companies and various leasing entities. It employs 1,200 staff worldwide and has a fleet of 90 aircraft.