ASL confirms $110m funding for 'growth opportunities' – enough to buy TNT's airlines?

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News that ASL Aviation Group has completed a funding round reintroduces the question of whether it plans a new bid to acquire TNT’s airlines.

On Friday, multi-carrier express specialist ASL announced it had completed a $110m funding agreement with BNP Paribas.

CFO Mark O’Kelly said a statement: “Initially the funding will assist our platform for growth strategy and we look forward to building on this,” while Guy Haesevoets, client director at BNP Paribas Fortis, added that the deal would “provide ASL with ...