ASL Aviation Group has announced the signing of an agreement to acquire TNT Airways S.A. and Pan Air Lineas Aereas from TNT Express N.V.
Photo: ASL Aviation Group TNT Airways (based in Belgium) and Pan Air Líneas Aéreas (based in Spain) will be added to the existing air transportation activities of the ASL Group. The addition of these two companies to ASL’s other carriers - Air Contractors (based in Ireland), Europe Airpost (based in France) and Safair (based in South Africa) - will bring the number of airlines in the Group to a total of five. Hugh Flynn Group Chief Executive ASL Aviation Group said: "I look forward to working with the highly skilled and dedicated TNT airlines team as we build the airlines for the future. Additionally, the transaction provides ASL with new opportunities for development and growth". ASL is a diversified aviation group that has grown recently through acquisitions. This new acquisition reinforces the successful, strategic development of the Group by external growth. ASL Aviation Group will develop TNT Airways and Pan Air Líneas Aéreas in line with its business and the ai