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FedEx seeks EU approval for US$4.9B TNT bid

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FedEx seeks EU approval for US$4.9B TNT bid

June 29, 2015 by PLA Editor

FedEx has asked the European Union's competition regulator to approve its 4.4 billion euro (US$4.9 billion) bid for Dutch rival TNT Express. The deal will provide the US package delivery service company with a ready-made and extensive European delivery infrastructure. Reuters reports that FedEx submitted its request to the European Commission on Friday. The preliminary review takes 25 working days, which can be extended by another 10 working days if concessions are offered to head off … [Read more...] about FedEx seeks EU approval for US$4.9B TNT bid

Other Topics: acquisition, AFM, Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, Deutsche Post, European Union, FedEx, merger, TNT, UPS

FedEx seeks EU approval for US$4.9B TNT bid

June 29, 2015 by PLA Editor

FedEx has asked the European Union's competition regulator to approve its 4.4 billion euro (US$4.9 billion) bid for Dutch rival TNT Express. The deal will provide the US package delivery service company with a ready-made and extensive European delivery infrastructure. Reuters reports that FedEx submitted its request to the European Commission on Friday. The preliminary review takes 25 working days, which can be extended by another 10 working days if concessions are offered to head off … [Read more...] about FedEx seeks EU approval for US$4.9B TNT bid

Other Topics: acquisition, AFM, Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, Deutsche Post, European Union, FedEx, merger, TNT, UPS

XPO acquires Norbert Dentressangle

June 9, 2015 by PLA Editor

XPO Logistics has completed the first of two phases in its US$3.53 billion acquisition of France's Norbert Dentressangle. Norbert Dentressangle’s founder and his family divested their 67 per cent share of the company to XPO at price of 217.50 euros per share. Bradley Jacobs, chairman and chief executive officer of XPO Logistics, said, "We're delighted to welcome the customers, employees and suppliers of Norbert Dentressangle to XPO. This combination is an important step in the … [Read more...] about XPO acquires Norbert Dentressangle

Other Topics: acquisition, Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, Bradley Jacobs, cargo aviation, Europe, France, Norbert Dentressangle, XPO Logistics

ANA agrees to 19.9% stake in Skymark

April 22, 2015 by PLA Editor

ANA has agreed to co-sponsor the rescue plan for the bankrupt Japanese budget carrier Skymark Airlines, reaching a basic agreement to take 19.9 per cent interest and help in the turnaround effort. Skymark Airlines solidified the plan Tuesday involving ANA and investment fund Integral, which had earlier agreed to sponsor Skymark. Key aspects of the arrangement will be announced later this afternoon. The reason for keeping ANA's stake under 20 per cent is that anything more substantial … [Read more...] about ANA agrees to 19.9% stake in Skymark

Other Topics: acquisition, Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Do, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, ANA, asia cargo news, buyout, cargo aviation, Haneda, Japan, Skymark, Solaseed Air

TransDigm completes Telair Cargo acquisition

March 27, 2015 by PLA Editor

Cleveland-based aircraft parts maker TransDigm Group Inc. has completed the acquisition of the Telair Cargo Group of businesses from AAR Corp. for a total purchase price of US$725 million in cash, subject to adjustment. The acquisition was previously announced on 23 February 2015. Telair produces on-board cargo loading and handling, restraint systems and ULDs for a variety of commercial and military platforms with positions on a wide range of new and existing aircraft. The business … [Read more...] about TransDigm completes Telair Cargo acquisition

Other Topics: AAR Corp., acquisition, Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, cargo aviation, Nordisk Aviation, Telair Cargo, TransDigm Group

Japan Post to buy Toll for US$5B

February 18, 2015 by PLA Editor

State-owned Japan Post will buy Australian logistics company Toll Holdings Ltd. for US$5.07 billion, as it seeks new sources of growth ahead of an initial public offering planned for later this year. Under the deal, Toll will retain its name and run as a division under Japan Post. Toll’s board of directors has unanimously recommended shareholders accept the offer. The move came as Toll announced a 22 per cent slide in its first half profit because of challenging economic … [Read more...] about Japan Post to buy Toll for US$5B

Other Topics: acquisition, Air & Cargo Services, air cargo, Air Cargo Asia, air cargo freight, Air Forwarding, air freight, Air Freight Asia, Air Freight Logistics, air freighter, air freighting, Air Logistics Asia, Air Shipping Asia, airlines cargo, airways cargo, asia cargo news, Australia, cargo aviation, Japan Post, Toll

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