European Union antitrust regulators have found no objections to FedEx's €4.4 billion (US$5 billion) acquisition of TNT Express, the two companies said on Tuesday. "FedEx and TNT have been informed by the European Commission that no Statement of Objections will be issued. FedEx and TNT continue to expect that the Offer will close in the first half of calendar year 2016,” the companies said in a joint statement. With a European market share of 17 per cent, the combined company would be Europe's … [Read more...] about No EU antitrust objections to €4.4 billion FedEx, TNT merger
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Volga-Dnepr expands fleet with two more AN-124-100 freighters
Volga-Dnepr Group has signed the finance lease agreement with JSC Sberbank Leasing to acquire two An-124-100 Ruslan freighters. Sergey Shklyanik, group senior VP said: “The AN-124-100 aircraft acquisition goes in line with the Group Strategy 2020 which provides for the fleet extension with Russian and foreign-made aircraft.” Dennis Gliznoutsa, VP sales at Volga-Dnepr Airlines, said: “Two more Ruslan freighters shall secure the Airline’s leadership in the global outsize and super-heavy air … [Read more...] about Volga-Dnepr expands fleet with two more AN-124-100 freighters
UTi Worldwide acquired by Denmark’s DSV
UTi Worldwide Inc, a global supply chain services and solutions provider, today announced it has entered into a definitive agreement to be acquired by DSV. DSV, headquartered in Denmark, is a global supplier of transport and logistics services with 530 offices and 130 logistics facilities in 75 countries. The transaction, which was unanimously approved by both UTi and DSV's Boards of Directors, is valued at approximately US$1.35 billion which represents a 34 per cent premium over the 30-day … [Read more...] about UTi Worldwide acquired by Denmark’s DSV
UTi Worldwide acquired by Denmark's DSV
UTi Worldwide Inc, a global supply chain services and solutions provider, today announced it has entered into a definitive agreement to be acquired by DSV. DSV, headquartered in Denmark, is a global supplier of transport and logistics services with 530 offices and 130 logistics facilities in 75 countries. The transaction, which was unanimously approved by both UTi and DSV's Boards of Directors, is valued at approximately US$1.35 billion which represents a 34 per cent premium over the 30-day … [Read more...] about UTi Worldwide acquired by Denmark's DSV
China’s YTO makes maiden flight, launches B737-800BCF programme
Boeing has announced it has entered into an agreement with YTO Airlines – a Hangzhou-based Chinese express cargo carrier – to provide the airline with 15 B737-800 Boeing Converted Freighters (BCFs) following a planned programme launch for the type. The order was announced during President Xi Jinping's ongoing visit to the US and delivery dates were not specified. YTO only just began operations with its maiden flight on 26 September with flights between Hangzhou and Chengdu. YTO acquired its … [Read more...] about China’s YTO makes maiden flight, launches B737-800BCF programme
China's YTO makes maiden flight, launches B737-800BCF programme
Boeing has announced it has entered into an agreement with YTO Airlines – a Hangzhou-based Chinese express cargo carrier – to provide the airline with 15 B737-800 Boeing Converted Freighters (BCFs) following a planned programme launch for the type. The order was announced during President Xi Jinping's ongoing visit to the US and delivery dates were not specified. YTO only just began operations with its maiden flight on 26 September with flights between Hangzhou and Chengdu. YTO acquired its … [Read more...] about China's YTO makes maiden flight, launches B737-800BCF programme
