News / ASL takes over TNT's two airlines as FedEx deal completes

TNT’s airlines have now become ASL Airlines Belgium and ASL Airlines Spain, after the express operator was forced to sell them as part of its takeover deal with FedEx. Under EU law, FedEx cannot own a majority share in EU airlines.

ASL Aviation now has an additional 35 aircraft in its fleet. The Irish company said there would be no disruption to services.

ASL said that airlines would maintain current contracts with partners, while employee terms and conditions would “be respected”. The ...