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.