FedEx Corporation has gained approval from Brazil's anti-trust authorities as the Conselho Administrativo de Defesa Econômica (CADE) has rejected a third-party appeal filed by United Parcel Service over the takeover. UPS appealed after Brazil unconditionally approved the $4.8 billion deal in February. FedEx has already obtained regulatory approval from anti-trust bodies in the EU, and the US while it is still in pursuit of a similar green signal from authorities in China. The consolidation … [Read more...] about Brazil quashes UPS appeal over FedEx's TNT takeover
TNT
Brazil quashes UPS appeal over FedEx’s TNT takeover
FedEx Corporation has gained approval from Brazil's anti-trust authorities as the Conselho Administrativo de Defesa Econômica (CADE) has rejected a third-party appeal filed by United Parcel Service over the takeover. UPS appealed after Brazil unconditionally approved the $4.8 billion deal in February. FedEx has already obtained regulatory approval from anti-trust bodies in the EU, and the US while it is still in pursuit of a similar green signal from authorities in China. The consolidation … [Read more...] about Brazil quashes UPS appeal over FedEx’s TNT takeover
Air Partner delivers Romanian artefacts to Beijing
Air Partner, working on behalf of TNT Romania for the National Museum of Romanian History (MNIR), successfully helped to deliver a precious cargo of 445 treasured Romanian artefacts to China for the Treasures of Romania exhibition at the National Museum of China in Beijing. The shipment was flown from Bucharest Otopeni airport to Beijing on 12 January aboard a B777 freighter, which was operated by Emirates. Due to the nature of the cargo, all flight clearances had to be secured through … [Read more...] about Air Partner delivers Romanian artefacts to Beijing
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
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
TNT opens new air route to Malta
TNT has launched a new air route between its main European air hub in Liege and Malta. The flight will run five times a week on a B737-400 aircraft, with a stopover in Marseilles on both outbound and inbound journeys. The flight arrives at Malta International Airport in the morning and departs in the evening, allowing for afternoon pickup in Malta and next day delivery to all of Europe. Ian Clough, managing director international Europe, said: "The addition of Malta to our European air … [Read more...] about TNT opens new air route to Malta
