FedEx takeover of TNT approval appealed

The approval of FedEx’s takeover of TNT Express by the Brazilian Conselho Administrativo de Defesa Economica (CADE) has been appealed by a third party. CADE had unconditionally approved the takeover on 2 February as part of the process of gaining approval from relevant antitrust authorities. On 5 February, it was announced that TNT Express was […]

TNT sells TNT Airways and Pan Air to ASL

TNT Express has agreed to sell airline operations, TNT Airways and Pan Air Lineas Aereas to ASL Aviation Group in the first half of 2016, as a condition of being taken over by FedEx. ASL will take over TNT Airways and Pan Air operations from the moment the sale is completed, and is expected to […]