Dublin aviation firm agrees to buy two airlines

A Dublin-based aviation company has confirmed the signing of an agreement which will see it acquire TNT Airways and Pan Air Líneas Aéreas from TNT Express.

The airlines, based in Belgium and Spain, will bring the number in the ASL Aviation Group to five, joining carriers including Air Contractors (based in Ireland), Europe Airpost (France), and South Africa-based Safair.

A company spokesman said: “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 airlines will continue to operate its fleets on their existing routes.

“The integration of two carriers into the group will also strengthen the company’s capabilities and ensure that it continues to provide customers with first-class and reliable professional service.”

ASL said: “This transaction represents a unique opportunity for ASL to be in a position to provide services to the major integrators and assert itself as the neutral provider of airline services to the major express integrators in Europe.”

The ASL Aviation Group, based in Dublin, is a joint venture between CMB (51%) and 3P Air Freighters (49%).

Its aviation companies comprise three airlines, two support service companies, and various leasing entities. ASL Aviation Group has a staff of 1,200 and a fleet of around 90 aircraft.

In October, ASL purchased four B737-400 freighter aircraft. Three of these will be operated by the Irish Air Contractors, which also leases ATR aircraft to Aer Arann.


More in this Section

Irish customers miss out on Sky-BT channel share deal

GDP surge will extend next year, say analysts

Minister confirms 125 vacancies at Central Bank

Buy 10-year mortgages to beat ECB, says expert


Breaking Stories

US economy ready to rock after tax cut bill, says Donald Trump

Ireland gets credit rating boost from ratings agency Fitch

Latest: Ryanair brand Which? customer satisfaction survey 'worthless'

GDP surge will extend next year, say analysts

Lifestyle

Review: N.E.R.D - No One Ever Really Dies: Their finest album to date

Everyone's mad at Google - Sundar Pichai has to fix it

Scenes from the analogue city - Memories of Limerick from the late 80s and early 90s

Ask Audrey: 'I heard that Viagra fumes from Pfizer’s were causing stiffys below in Ringaskiddy'

More From The Irish Examiner