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
European Union
FedEx seeks EU approval for US$4.9B TNT bid
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
ACC3 deadline is here
The deadline for compliance with the European Union’s ACC3 (Air Cargo or Mail Carrier operating into the Union from a Third Country Airport) requirement has now passed on 1 July, meaning any carriers who do not gain accreditation for their overseas cargo facilities will be banned from transporting cargo to any EU airport. The ACC3 requirement impacts an estimated 3,000 cargo stations at airports outside the EU together with some 2,000 regulated agents and known consignors. According to … [Read more...] about ACC3 deadline is here
EU warns against “lavishing” emergency aid
The European Union has warned governments against lavishing emergency aid on airlines to make up for losses from disruptions in operations caused by the eruption of a volcano in Iceland. But it proposed other measures to help them recover from the weeklong shutdown of air travel. The European Commission’s own estimate of losses ranged from €1.5 billion to €2.5 billion, taking into account losses by airlines, airports and tour operators, said Siim Kallas, the EU transport … [Read more...] about EU warns against “lavishing” emergency aid
EU warns against "lavishing" emergency aid
The European Union has warned governments against lavishing emergency aid on airlines to make up for losses from disruptions in operations caused by the eruption of a volcano in Iceland. But it proposed other measures to help them recover from the weeklong shutdown of air travel. The European Commission’s own estimate of losses ranged from €1.5 billion to €2.5 billion, taking into account losses by airlines, airports and tour operators, said Siim Kallas, the EU transport … [Read more...] about EU warns against "lavishing" emergency aid