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Cargo aircraft. European Commission opposes to UPS takeover of TNT

Brussels, Belgium - Therefore also the sale of 100% of TNT Airways and Pan Air Lineas Areas to ASL Aviation Group gets stopped

On Wednesday 30 January 2013 the European Commission prohibited, under the EU Merger Regulation, the proposed acquisition of TNT Express by UPS. The Commission found that the take-over would have restricted competition in 15 Member States when it comes to the express delivery of small packages to another European country. In these Member States (Bulgaria, the Czech Republic, Denmark, Estonia, Finland,...

AVIONEWS - World Aeronautical Press Agency - 1149336

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