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TNB-FLIGHT CREW AD 2011-03
FORMED IN 1999 AND STARTED OPERATIONS IN 2000. REGIONAL AND INTERNATIONAL, SCHEDULED AND CHARTER, CARGO, JET AIRPLANE SERVICES.
RUE DE L'AEROPORT
B-4460 GRACE-HOLLOGNE, BELGIUM
BELGIUM (KINGDOM OF BELGIUM), WAS ESTABLISHED IN 1830, IT COVERS AN AREA OF 30,519 SQ KM, ITS POPULATION IS 10.1 MILLION, ITS CAPITAL CITY IS BRUSSELS, AND ITS OFFICIAL LANGUAGES ARE FLEMISH AND FRENCH.
Liege Airport, re-built in 1997, is one of the most efficient and best equipped airports in Europe. Many factors were taken into account when (TNT) (TNB) decided to establish its European Express Center (HUB) at Liege. Actually, it was responding to strategic requirements based on infrastructure capacity and the development of delivery service. Available space, expansion possibilities, particularly well situated at the heart of Europe and a new modern and human sized infrastructure dedicated to freighter operation were among the main considerations.
(TNT) Airways (TNB)'s daily air network connects Liege to 63 European destinations and not less than 12 intercontinental destinations through partner airlines.
Although Liege airport history began with the 1st world war, it was mostly a Belgian Air Force base until 1994. The airport has been completely rebuilt since 1997 and continues to expand.
Liege is located where it is not congested, and is situated outside populated areas. It enjoys a top class ground and Air Traffic Control (ATC) infrastructure. The airport has two runways of which one is certified for CAT III operations.
Situated at a major crossroads of the European motorway system, Liege Airport's road access is excellent. The airport infrastructure, the organization of the handling and the availability of the two runways mean that airplane waiting times can be kept to a minimum.
The (TNT) Express distribution chain aims for high standards. Liege Airport favors freight and has a high quality of service.
(TNT) Express also has a subsidiary (TNT) Airways (UK) located at:
(TNT) Aircraft Maintenance Services
Unit 6013, Taylors End, Long Border Rd,
Stansted, Essex CM24 1RL, England
MAY 1987: WAS ESTABLISHED IN EUROPE AS (TNT) AVIATION SERVICES.
MARCH 1997: (TNT) AIRWAYS (TNB) PARENT IS "TNT EXPRESS WORLDWIDE." (TNB) PROVIDES OVERNIGHT, SCHEDULED FREIGHT SERVICES THROUGHOUT EUROPE. THE EUROPEAN FREIGHT OPERATIONS WERE PART OF AUSTRALIA'S "TNT TRANSPORT GROUP."
(TNB) OPERATES BETWEEN PRESTWICK, UK & A HUB IN NUREMBURG, GERMANY. (TNT) EXPRESS ALSO ESTABLISHED A HUB IN MANILA, PHILIPPINES. IT IS LOOKING FORWARD TO A NEW "SUPER HUB" IN LIEGE, BELGIUM.
1 727-200F (20659), EX-CONTINENTAL AIRLINES (CAL), 4 YEAR LEASED (FLS AEROSPACE (ATD) CONVERTED 727 TO CARGO).
APRIL 1997: (TNT)'S AVIATION DIVISION HAS 350 EMPLOYEES.
AT THE END OF 1996, (TNT) EXPRESS WORLDWIDE WAS PURCHASED BY DUTCH POSTAL SERVICE (KPN). THE EUROPEAN GROUP OPERATION BASED IN AMSTERDAM EMPLOYS ABOUT 14,500 WITH OPERATIONS IN >200 COUNTRIES, WITH REVENUES >1.6 BILLION. IN ADDITION TO ITS AVIATION DIVISION, (TNT) TRUCKING NETWORK HAS 3,700 VEHICLES WITH 2,250 IN EUROPE.
EXPECTING +3 727'S IN NEXT YEAR. POSSIBLE GROWTH TO 757 AIRPLANES IN 1998, TO COINCIDE WITH THE LIEGE HUB LAUNCH ($52.3 MILLION PROJECT).
AUGUST 1997: 1 727-200F (21688), EX-AEROLINEAS ARGENTINAS (ARG), FOR STERLING (STR) OPERATIONS (HAMILTON AVIATION, ARIZONA, USA CONVERTED THE 727 AIRPLANE TO FREIGHTER).
FEBRUARY 1998: 1 727-200, EX-(BRS) IN APRIL FOR EUROPEAN NETWORK, BASED IN LIEGE, BELGIUM, & OPERATES FROM BRUSSELS.
APRIL 1998: 100 EMPLOYEES (INCLUDING 68 MAINTENANCE TECHNICIANS (MT)).
(TNT) AIRCRAFT MAINTENANCE SERVICES IS BASED AT STANSTED AIRPORT, UK.
727-200F (19977), EX-NATIONS AIR EXPRESS (NAX), CONVERTED TO FREIGHTER BY HAMILTON AVIATION, ARIZONA, OPERATIONS BY STERLING (STR), MAINTAINED BY FLS AEROSPACE (ATD).
MAY 1998: PLANS FOR LARGE FLEET OF A300B4F'S TO REPLACE THE 727 FLEET.
SEPTEMBER 1998: TNT POST GROUP (TPG), THE DUTCH COURIER, & MAIL COMPANY'S 1ST 6 MONTHS = +$183 MILLION (+18%).
COMPLAINTS FROM LOCAL RESIDENTS ABOUT NIGHT-TIME NOISE AT BIERSET AIRPORT, LIEGE, BELGIUM, WHERE IT MOVED ITS EUROPEAN EXPRESS, DELIVERY HUB TO, FROM COLOGNE. BIERSET IS A FORMER MILITARY AIRPORT.
PLANS TO REPLACE AGING FLEET OF 727-200'S, WITH 14 NEW A300F'S FROM NOW THROUGH 2002. 4 A300B4F-203F'S, C-S AVIATION LONG-TERM LEASE. +10 A300B4'S (1999-09), CONVERTED TO FREIGHTER BY B AE AEROSPACE.
OCTOBER 1998: 3 YEAR, MAINTENANCE CONTRACT FOR 8 727-200F'S, TO FLS AEROSPACE (ATD), COPENHAGEN.
DECEMBER 1998: TAKES TOTAL CONTROL OF FRENCH COURIER, "JET SERVICES," ANOTHER STEP IN GATHERING CONSOLIDATION OF EUROPE'S, EXPRESS MAIL MARKET. THE EUROPEAN SECTOR IS WORTH $510 MILLION, OF WHICH THE FRENCH MARKET IS $108 MILLION. FOUNDED 25 YEARS AGO, JET SERVICES, LYON IS FRANCE'S LARGEST COURIER, AFTER CHRONOPOST, THE COURIER EXPRESS SUBSIDIARY OF FRANCE'S STATE-OWNED, POSTAL AUTHORITY. JET SERVICES OPERATES 3 B AE 146-200QC'S.
2 A300B4-200'S (247), EX-PAN AM, STORED AT MARANA, USA CONVERTED TO FREIGHTER BY B AE. 1 727-200F, LUFTHANSA CARGO INDIA (LUI), WET-LEASED FOR 6 MONTHS. TO BE USED FOR (TNT)'S PACIFIC EAST ASIA CARGO AIRLINES, PHILIPPINES OPERATION.
FEBRUARY 1999: MAKES WORLDWIDE, AIRLINE SERVICE LEVEL AGREEMENT, INCLUDING BLOCKED-SPACE AVAILABILITY, HANDLING PRIORITY, AND RECOVERY, WITH AMERICAN AIRLINES (AAL) CARGO.
APRIL 1999: 204 EMPLOYEES (INCLUDING 108 FLIGHT CREW (FC) & 76 MAINTENANCE TECHNICIANS (MT)).
MAY 1999: WILL FORMALLY FORM A CARGO AIRLINE CALLED (TNT) AIRWAYS (TNB) IN 4TH QUARTER BASED IN LIEGE, BELGIUM, SITE OF (TNT) EXPRESS' EUROPEAN EXPRESS CENTER HUB. PLANS TO ACQUIRE 14 A300F'S TO REPLACE 727'S.
JUNE 1999: (TNT) EXPRESS ACQUIRES ANSETT AIR FREIGHT (AFI).
OCTOBER 1999: A300B4-200F (155), EX-AIR ALFA (ALV), CONVERTED TO FREIGHTER BY B AE AVIATION SERVICES, C-S AVIATION SERVICES (CSV) LEASED.
JANUARY 2000: 1 B AE 146-200QT (E2109, G-TNTD) TRANSFERRED TO PAN AIR (PNR).
FEBRUARY 2000: 1 B AE 146-300QT (E3151, OO-TAA) DELIVERY. 1 A300B4-103F (124, G-TNTS), BOUGHT FROM OPERATIONS BY CHANNEL EXPRESS (CXP).
APRIL 2000: 204 EMPLOYEES (INCLUDING 108 FLIGHT CREW (FC), & 76 MAINTENANCE TECHNICIANS (MT)).
SITA: LONTN7X. (firstname.lastname@example.org).
737-3S3F (23811) ICELANDAIR (ICE) WET LEASE EXTENDED. 3 B AE 146-300QT (E3168, OO-TAH; E3182, OO-TAE; E3186, OO-TAF), TRANSFERRED FROM AIR FOYLE (FOY). 1ST OF 3 ORDERS TU-204-100C'S (PERM PS90-2) (021) FROM AIRREP, UK FOR PROVING FLIGHTS FROM LIEGE, BELGIUM.
MAY 2000: 1 A300B4-200F, SCHREINER AIRWAYS (SCH), 1 YEAR WET-LEASED, FOR OPERATIONS OUT OF LIEGE.
JUNE 2000: ONLY 25% OF TNT EXPRESS SHIPMENTS TRAVEL BY AIR, WITH THE BULK GOING BY ROAD. IS LOOKING INTO USING HIGH-SPEED TRAINS, SUCH AS IN 2003, A HIGH-SPEED, RAIL FREIGHT SERVICE, LINKING PARIS WITH LIEGE.
PLANS TO RETIRE MOST 727-200'S IN 2001, AND LAST 2, IN 2002. 2 B AE 146-300QT (E3153, OO-TAJ; E3154, OO-TAS), TRANSFERRED FROM AIR FOYLE (FOY). 3 B AE 146-200QT'S (E2067, OO-TAR; E109L, I-TPGS), OPERATES BY AIR MISTRAL (E2100, OO-TAU).
JULY 2000: LIEGE - EDINBURGH (A300B4-203F).
A300B4-203F (210, N210TN), RETURNED FROM CHANNEL EXPRESS (CXP).
AUGUST 2000: OPENS NEW, 25K SQ FT, NORTH AMERICAN HUB AT NEW YORK (JFK).
OPERATES LIEGE - NEW YORK (JFK) (757-200PF, DAILY).
SEPTEMBER 2000: HANS DUCHEYNE, EX-CITYBIRD (CBD), QUALITY MANAGER.
OCTOBER 2000: 1 A300B4-203F (CF6-50C2) (124, EC-HQT), LEASED TO PANAIR (PNR), SPAIN.
DECEMBER 2000: EVALUATING 757-200'S, & A310-200'S, TO REPLACE 727 FLEET.
JANUARY 2001: 5-YEAR MAINTENANCE CONTRACT FOR 17 B AE 146-200/-300F'S TO KLM UK (AUK).
1 B AE 146-200QT (E2089, OO-TAW) DELIVERY.
APRIL 2001: 509 EMPLOYEES (INCLUDING 186 FLIGHT CREW (FC), & 150 MAINTENANCE TECHNICIANS (MT)).
MAIN BASE: LIEGE (BIERSET).
MAY 2001: IN AUGUST, TO OPERATE 1 TU-204, AVIAREPS LEASED ON ITS BASEL SERVICE.
2 A300B4-203F'S (227, TRANSFERRED TO (PNR); 210, OO-TZC), WELLS FARGO LEASED.
JULY 2001: IN SEPTEMBER, WILL OPERATE ON BEHALF OF THE ITALIAN POST OFFICE.
SELECTS 757-200 TO REPLACE 6 727F'S (2002).
OCTOBER 2001: SIGNS DEAL WITH (KLM) CARGO TO BECOME ITS SOLE SUPPLIER OF EUROPEAN FREIGHT AIR FEEDER SERVICE. WILL START WITH SERVICES TO HELSINKI, DUBLIN, OPORTO, AND MADRID.
DECEMBER 2001: PLANS TO REGISTER ITS 747-400F IN BELGIUM NEXT MARCH.
JANUARY 2002: PLANS FOR 5 747-400F'S.
FEBRUARY 2002: (TNT) AIRWAYS (TNB) IS FINALIZING A MASSIVE EXPANSION IN WHICH IT WILL DEVELOP ITS LIEGE BASE INTO AN INTERCONTINENTAL FREIGHT HUB AND DOUBLE ITS CARGO VOLUME OVER NEXT YEAR. PLANS TO ACQUIRE 5 747-400F'S FROM ATLAS AIR (TLS) AS PART OF (TLS)'S "FRACTIONAL LEASE" AIR-FREIGHT PROGRAM.
2 TU-204-120C (RB211) (64029, SU-EAJ; 64033), AIR CAIRO (AOX) WET-LEASED. ON NOSE HAS "GLOBAL EXPRESS, LOGISTICS AND MAIL."
MARCH 2002: SITA: LGGTN7X. (http://www.tnt.com).
APRIL 2002: SITA: LGGOO3V. (http://www.tnt-airways.be).
509 EMPLOYEES (INCLUDING 186 FLIGHT CREW (FC); & 150 MAINTENANCE TECHNICIANS (MT)).
OPERATES DAILY CARGO SERVICES TO ABOUT 53 EUROPEAN AIRPORTS.
June 2002: Tu-204-120C (1450743164029, SU-EAJ), Air Cairo (AOX) wet-leased.
July 2002: 747-47UF (29252, N892MC), Atlas Air (TLS) wet-leased.
September 2002: 747-47UF (29255, OO-TJA) delivery. 1 A300B4-200F, wet-leased to (KLM) for Liege - Munich - Budapest cago service (2/week).
November 2002: Kenya has banned (TNT) Airways (TNB) from flying into Kenya International Airport, after competitors complained that a number of airlines had been operating without licenses, while others did not pay "foreign registered aircraft" fees.
December 2002: Patrick Lamonte, Technical Director, responsible for (JAR) 145 and (JAR) Operations, replaces Remi Thiercelin.
February 2003: 2 737-300F, (GECAS (GEF) leased.
March 2003: (TNT) Airways (TNB) serves 55 European airports each night from its air hub in Liege, Belgium, using 37 airplanes which provide a combined capacity of more than 600 t. Of these, 70% are operated by in-house airline (TNT) Airways (TNB), with the remainder chartered from 3rd parties. Plans to add direct service to +12 more European destinations over the next 3 years, which will raise its nightly capacity to at least 700 t.
A310-304F (CF6-80) (552, TF-ELS), Islandsflug (ISF) wet-leased.
June 2003: 250 employees. SITA: LGGOW3V.
July 2003: Places its 1st 737-300F into service from Liege to Nantes, Vitoria, and Madrid.
Atlantic Airways, UK, has 2 Tu-204's (RB211), (Air Cairo (AXO) wet-leased, for (TNT) Airways (TNB) services. Owned by Sirocco Aviation International and can carry 27 tons of cargo (13 - 14 pallets). Plans to add more Tu-204's in 2004.
September 2003: (TNT) Aircraft Services, UK, provides support to the fleet of B Ae 146's and A300 airplanes in operation for the TNT European overnight express freight network. The Technical Services Department based at Stansted, UK is responsible for maintenance management and technical support for this fleet of airplanes, as well as some external 3rd parties.
December 2003: 737-3TOF (23578, OO-TNB), (AFS) Investments leased.
January 2004: Plans expansion of European network to an expected 67 gateways by 2005.
5/5 orders 737-301F's (23513; 23515), (GECAS) (GEF) leased.
March 2004: Club Med contract to carry 40,000 Belgium customers this summer (previously flown by Sobelair (SBL).
Liege - Turku (737).
April 2004: 254 employees.
July 2004: A300B4-622RF (657, TF-ELU) & A310-304F (502, TF-ELE) Islandsflug (ISF) wet-leased. A300B4-203F (247, OO-TZD) returned from Airbus.
October 2004: 737-301F (23513, OO-TNC), (GECAS) (GEF) leased.
December 2004: 737-3Q8F (23535, OO-TNE), (GEF) leased.
July 2005: 328 employees (including 163 Flight Crew (FC); 21 Cabin Attendants (CA); & 61 Maintenance Technicians (MT)).
October 2005: (TNT) Express (TNB) signed a contract with (GECAS) (GEF) for 2 additional 737-300SFs, bringing the total number of 737s in its fleet to nine. The new airplanes will be converted from passenger to freighter configuration by (IAI)'s Bedek Aviation Services and modified to comply with Chapter IV noise emission standards. (TNT) Airways (TNB) will introduce the airplanes to its European Air Network in August and December 2006.
November 2005: (TNT) Airways (TNB) will launch passenger flights from Liege beginning in April, (TNT) Airways (TNB) Managing Director Niky Terzakis told "La Libre Belgique." The integrator already offers passenger service from Brussels with 737-300s in Quick Change (QC) configuration. Terzakis said (TNB) has contracts with several major tour operators including Thomas Cook, Club Med and Interconfort for its Brussels (BRU) service. It has transported about 160,000 passengers from (BRU) this year. Liege destinations will include Barcelona, Ajaccio, Monastir, Palma and Ibiza.
(TNT) Airways (TNB) will lease 2 747-400ERF's (Extended Range Freighter) from Guggenheim Aviation Partners (GUG). (TNBG) is looking to start service from Europe to China next year and will take delivery of the airplanes in November 2006 and June 2007. The 1st airplane will operate 4x-weekly, Liege to Shanghai and the 2nd airplane will allow a frequency increase to 9x-weekly.
737-3Q8 (24131, OO-TNF), (GEF) leased.
December 2005: (TNT) Airways (TNB) announced it will base a 737-300QC at Liege for passenger charters this coming summer season to vacation destinations around the Mediterranean.
(TNT) Express promoted Matthew McDonough to President North American region.
March 2006: (KLM) UK (AUK) Engineering, a subsidiary of (KLM) Engineering & Maintenance signed an exclusive 5-year, €15 million contract with (TNT) Airways (TNB) for heavy maintenance of (TNB)'s B Ae 146 fleet. The agreement is a renewal of a current contract and extends the number of airplanes covered to 21.
(TNT) Airways (TNB) said it will hire an additional +80 pilots (FC) for the remainder of 2006, having hired +20 in January.
May 2006: (TNT) Airways (TNB) operates daily cargo, jet airplane services to about 67 European airports. It is the airline subsidiary of the (TNT) Post Group (TPG) that provides intra-European freighter airplanes support to (TNT) Express delivery services.
Employees: 357 (including 180 Flight Crew (FC); 23 Cabin Attendants (CA); & 62 Maintenance Technicians (MT)).
(IATA) Code: 3V -163. (ICAO) Code: TAY (Callsign - QUALITY).
Parent organization/shareholders: (TNT) Post Group (TPG) (100%).
Owns: (TNT) Airways (UK) (100%).
Alliances: China Southern Airways (GUN).
Main Base: Liege Bierset Airport (LGG).
(TNB) reported strong 1st-quarter results as overall net income rose +6.2% over the year-ago quarter to +€205 million/+$258.9 million. TNT Express (TNB), the business-to-business expedited delivery segment that operates 43 airplanes, reported a +30.5% lift in operating income to +€124 million on a +13.7% gain in revenues to €1.44 billion. Express volumes "increased across all customer segments with emphasis on international flows," Netherlands-based, (TNT) Express said. "Italy, Germany and Benelux were the best revenue growth performers in Europe. Revenue growth in the rest of the world continued to be highest in China and the Middle East."
(TNT) Express' overall expenses rose +8.4% to €2.33 billion while operating income improved +14.2% to €329 million. (CEO) Peter Bakker said the company's plan to divest itself of its high-revenue, low-margin logistics business, in order to focus more intently on growing express delivery operations remains on track. With an eye on that growth, (TNT) Express launched its 1st international brand advertising campaign in >7 years, promoting its ability to deliver packages of any size and weight to customers in all corners of the world. (TNT) Express delivers 3.5 million parcels, documents and pieces of freight weekly, and has Europe's largest air and ground expedited delivery network.
September 2006: 737-301F (23930, OO-TNH), (GECAS) (GEF) leased.
November 2006: (TNT) Express (TNB) officially completed the sale of its logistics unit to Apollo Management for $1.9 billion.
(TNB) last week also signaled its intention to sell off its Freight Management freight forwarding business. Both sales are part of its effort to divest itself of high-revenue, low-margin units and concentrate on growing its "core" mail and express delivery business, (CEO) Peter Bakker said.
(TNB) delivers 3.5 million parcels, documents and pieces of freight weekly, and has Europe's largest air and ground expedited delivery network.
2 747-4AHERFs (35232, OO-THA; 35234, OO-THB), Guggenheim Aviation Partners (GUG) wet-leased - see photos.
January 2007: (KLM) Engineering & Maintenance was selected by (TNT) Airways (TNB) to work on its 2 747-400ERF freighters. The contract covers engineering, maintenance control and component services, as well as worldwide line and airframe maintenance, including "A" and "C" maintenance checks.
April 2007: INCDT: Birds managed to ground 1 of freight carrier (TNT) Airways (TNB)'s 737s at Istanbul’s Ataturk airport. The 737’s pilots (FC) started up the auxiliary power unit (APU) before departing for Liege in Belgium, then noticed a sudden increase in temperature of the (APU). The tower informed them that smoke was coming from the 737’s tail. When maintenance technicians (MT) arrived to inspect the (APU), they found lancets, shears and other parts of burned metal. The pilots (FC) initially suspected that the 737 had been sabotaged and asked the airport authority to investigate. (TNB) left staff on the apron to check subsequent flights. The next day, a 737F freighter landed at Ataturk Airport and parked in the same area near the cargo terminal. During the day, staff saw birds (mainly crows), carrying metal objects in their beaks. The birds flew round the back of the (APU) and tried to put the objects in its exhaust. This continued all day. The airport authority started an investigation about the metal objects. Last year, the special cargo bonded warehouse was destroyed in a fire. There is still some damaged cargo in the area, including pieces of metal, which zoologists believe could attract birds, particularly crows. The Ataturk airport authority said it doesn’t normally use the parking area where the (TNB) 737 was kept. But (TNB)’s freighter was sent there on this particular day because of a parking problem. Since the incident, (TNB) has been covering the (APU) when the plane is parked.
May 2007: 747-4HAFER (35234, OO-THB), Guggenheim (GUG) leased.
July 2007: 747-4HAFER (35235, OO-THC), Guggenheim (GUG), leased, wet-leased to Emirates Skycargo (EMC).
February 2008: 747-4HAFER (35236, OO-THD), wet-leased to Emirates SkyCargo (EMC).
April 2008: (TNT) Express (TNB) will invest €100 million/$157.9 million over the next 5 years to expand its Europe - Asia express cargo services. (TNB) said the money will be used to "strengthen its network coverage, connectivity and infrastructure" in response to "soaring demand for freight express services between SE Asia, China, and Europe driven by customers in the high-tech, equipment and machinery, and healthcare sectors, that are increasingly moving large volumes of high-value goods."
(TNB) (COO) James McCormac said the "strategic objective is to build a leadership position in domestic, intra-regional and selected intercontinental express flows in the emerging Asian region" using Singapore as its SE Asia air hub. He noted that (TNB)'s volumes between China and Europe have grown >20% this year. The announcement of the investment was made in conjunction with (TNB)'s 1st scheduled flight to Singapore Changi, where it became the 10th all-cargo airline to serve the airport.
October 2008: (TNT) Express (TNB) reported a -32.3% drop in 3rd-quarter net profit to +€113 million/+$142.5 million, with its Express unit's (EBIT) declining -23.8% to €99 million. Overall revenue grew just +1.5% to €2.69 billion, while Express revenue rose +2.3% to €1.66 billion. The Dutch delivery giant revised its revenue outlook for full-year 2008 downward to "mid-single-digit" growth.
(CEO) Peter Bakker said (TNB)'s European Express business "significantly worsened in September and the 1st weeks of October. Air volumes in September were down an unprecedented 10%. We expect this pressure on volumes to persist at least in the current quarter." He noted that the Express unit is "aggressively implementing" a €125 million "cost optimization" initiative that focuses on "improving air network efficiencies." The company warned of "a significant decrease in premium air volumes in Europe" for the remainder of 2008.
March 2009: (TNT) Express (TNB) reported a +€556 million/+$700 million profit in 2008, down -43.6% from the +€986 million earned in 2007 as the air cargo market continued to deteriorate and the company took a €70 million one-time charge related to job and fleet cuts in its Express division. It said those reductions will result in €51 million in savings this year, part of a -€400 million cost-cutting effort. Group revenue rose +1.2% year-over-year to €11.15 billion and operating income fell -17.6% to +€982 million. The Express segment reported (EBIT) of €376 million, down -37.2%, on a +1.6% lift in revenue to €6.65 billion. (TNB)'s 4th-quarter profit of +€59 million was -60.1% lower than the year-ago period's. "The extremely tough trading conditions we saw for our Express business in the 2nd half of 2008 are continuing into 2009 so far," (CEO) Pater Bakker said. "2009 looks set to be a very challenging year pressure on volumes is expected to remain high." Volume in international and economy Express products fell -23% and -14%, respectively, through the "1st weeks" of this year, and full-year Express revenue is expected to fall as well.
April 2009: (TNT) Express (TNB) said its Express unit's international air volumes were down -23% year-over-year in the 1st quarter but overall international volumes "stabilized" as the quarter went on. Despite steep declines in the early part of the quarter, later leveling-out, led the express giant to predict that it will report "positive" operating income when it releases its results on May 4.
May 2009: (TNT) Express (TNB) reported 1st-quarter net income of +€76 million/+$101.9 million, down -53% from a +€179 million profit in the year-ago period, saying that "international express volumes are under significant pressure." Operating income fell -40.8% to €163 million on a +7.8% rise in revenue to €2.44 billion. (TNB), the expedited delivery segment that relies heavily on air operations, was affected by "continued recessionary pressure on volumes, though decline seems stable since February," the Netherlands-based company said. The unit's operating income plunged -74.5% to +€20 million on a -12.6% revenue dip to €1.36 billion. "Nothing has changed with respect to our previously indicated cautious stance towards 2009," (CEO) Peter Bakker said. "We assume trading conditions of first quarter (Q1) 2009 to persist through the rest of the year, although recent stabilization in Express is a welcomed situation."
July 2009: (TNT) Express (TNB) reported 2nd-quarter net income of +€81 million/+$115.3 million, down -60.5% from a +€205 million profit in the year-ago period, but noted that the decline in volume at its Express segment that relies heavily on air operations "seems to be bottoming out." Operating income lowered -45.1% to +€178 million on a -10% dip in revenue to €2.53 billion. (TNB) posted a -81% decrease in operating income to +€29 million on a -15.5% fall in revenue to €1.45 billion. "Through the quarter, the rate of decline of Express volumes has been stable, with a small upturn in the last weeks of June," (CEO) Peter Bakker said, adding, "Going forward, we assume continuation of tough trading conditions to persist in the 2nd half of the year as early signs of [economic recovery] are still too uncertain to indicate a positive trend line development."
October 2009: (TNT) Express reported 3rd-quarter net income of +€97 million/+$142.7 million, down -6.7% from +€104 million in the year-ago-period, and noted that it has seen "some early signs" of an improving economy. Its air-intensive Express unit continued to struggle, posting a -36.4% drop in operating profit to +€63 million on a -11.4% dip in revenue to €1.47 billion. But (CEO) Peter Bakker noted that "the rate of decline of Express volumes has modestly improved. In particular, the average weight per consignment developed positively for the 1st time in a year, while price pressure remained." Air volume measured in kg lowered -8.4% year-over-year. Overall revenue decreased -7.6% to €2.48 billion.
June 2010: Lufthansa (DLH) Systems announced that (TNT) Airways (TNB) will use its Lido/RouteManual paper navigation charts and then migrate to the electronic Lido/eRouteManual under a 3-year contract between the companies.
July 2010: (TNT) Airways (TNB) added another 747-400ERF to its European air hub in Liege to meet growing demand for air freight capacity between China and Europe. (TNB) increased its service frequency to 6 flights per week to/from Shanghai and 5 flights per week to/from Hong Kong.
Cabot Aviation arranged the sale of 3 A300B4-200Fs to Aero Union on behalf of (TNT) Airways (TNB). The airplanes, which were phased out of (TNB) service last year, will operate on domestic and international services.
November 2010: (TNT) Airways (TNB) launched 3x-weekly, 747 Chongqing - Liege service.
January 2010: ST Aerospace was selected by Guggenheim Aviation Partners (GUG) to perform a passenger-to-combi conversion on a 757-200 for (TNT) Airways (TNB). It is (ST) Aerospace's 1st 757-200 combi conversion performed for a commercial customer. The airplane is expected to be inducted by the end of February, and is targeted for re-delivery by the end of 2011.
October 2010: 737-301F (23512, OO-TNI), leased to Swiftair (SWF) as (EC-LJL).
December 2010: SEE ATTACHED - - "TNB-2010-12-NEW 737-400F" AND "TNB-737-45DF-2010-12."
737-44DF (27131, OO-TNN), ex-(LOT), (GEF) leased. This is the 1st of 9 737-400Fs which will replace the 737-300F fleet.
1 order 757-200 Combi (25622) from Guggenheim Aviation Partners (GUG), to be converted to freighter by ST Aerospace, Singapore after lease to Air Finland (AFZ), (ILF) leased.
January 2011: 767-383BDSF (26544, EC-LKI - - SEE PHOTO - - "TNB-767-383BDSF-2011-01"), Gestair Cargo (REI) wet-leased to (TNT) Airways (TNB). 1 order 777-FHT (38969, OO-TSA), Guggenheim (GUG) leased.
March 2011: (TNT) Airways (TNB) is currently recruiting talented and motivated flight crew Captains and First Officers for 747-400Fs, 777Fs, and B AE 146s to further develop its European and longhaul networks.
SEE ATTACHED - - "TNB-2011-03-FC AD."
May 2011: Cabot Aviation arranged the sale of 1 A300B4-100F plus 2 A300B4-200Fs to Kalitta Turbine Leasing, on behalf of (TNT) Airways (TNB). The airplanes were phased out of (TNB) service in 2009.
August 2011: A (TNT) Airways (TNB) 767F was used by (TNT) Express to transport 45 tons of emergency food aid to Nairobi, Kenya, to help the United Nations (UN) World Food Program (WFP) to feed thousands of children in neighboring Somalia. The 767F carrying >3,000 boxes of supplementary "plumpy," a nutrition product for malnourished children, took off from Liege, Belgium.
The United Nations (UN) has declared famine in 5 regions of Somalia. The number of people in need of lifesaving assistance is now 3.7 million, out of a population of 7.5 million. The (WFP) is already feeding 1.5 million people in the northern and central parts of Somalia and in Mogadishu which continues to fill up with those fleeing the famine zone. >2 million people in need of food aid are currently inaccessible because of insecurity. Staple cereal prices are at record levels. Somalia has some of the highest malnutrition rates in the world with one in 4 children acutely malnourished in the south.
October 2011: 777-FHT (39286, OO-TSB, 2011-10 - - SEE PHOTO - - "TNB-777-FFT - 2011-10"), delivery, ex-(N778SA), Guggenheim (GUG) leased to Southern Air (SOF) and wet-leased back.
November 2011: (TNT) Airways (TNB) transports race cars to Macau in a 747-400F.
December 2011: (TNT) Airways (TNB) operates daily, jet airplane services for (TNT) Express to >70 European destinations. Traffic rights are held to 12 intercontinental destinations. (TNB) also offers jet airplane passenger flight charters.
Employees = 576.
(IATA) Code: 3V -163. (ICAO) Code: TAY - (Callsign - QUALITY).
Parent organization/shareholders: (TNT) (Netherlands) (100%).
Airline subsidiaries/shareholdings: (TNT) Airways (UK) (100%).
Alliances: China Southern Airways (GUN).
Main Base: Liege Bierset Airport (LGG).
January 2012: For 2011, (TNT) Express had a net loss of -Euro 270 million/-$357.2 million.
(TNT) Airways (TNB) now operates all of its 4 747-400Fs on its own network and has instead wet-leased 2 777-200Fs to Emirates (EAD), including 1 of its own airplanes and another 1 wet-leased from Southern Air (SOF). It has added another 2 ex-Garuda Indonesia (GIA) 737-400s.
737-4MOF (29208, OE-JAR), (GEF) leased, ex-(PK-GZM).
February 2012: United Parcel Service (UPS) confirmed that it is attempting to acquire TNT Express, the major European delivery operator that was spun off last year from Dutch mail services provider, "NLPost."
(TNT) Express, still 29.9%-owned by NLPost, rejected an unsolicited bid from (UPS) earlier this month. But (UPS) said that it has made "a revised, increased and comprehensive proposal to acquire the entire issued share capital of (TNB) for €9/$11.8 per share in cash." (UPS)'s revised offer was $6.5 billion.
"Discussions between the parties concerning this proposal are ongoing, although there is currently no certainty that any agreement will be reached," (UPS) stated. "Further details will be provided when appropriate."
Although the bidding for (TNT) Express is mostly regarding the European express delivery market, (TNT) Express also has presence in Brazil and China.
737-4MOF (29209, OE-JAS), (GEF) leased, ex-(PK-GZN).
March 2012: (TNT) Airways (TNB) will operate its 1st ex-Air Finland (AFZ) 757-200F on behalf of (NATO) (based at Geilenkirchen airport (GKE)) in a combi configuration with a passenger and cargo section on the airplane.
May 2012: United Parcel Service (UPS) said it has put in place financing to complete the acquisition of Amsterdam-based, (TNT) Express (TNB). In a move likely to alter the express delivery landscape in Europe, (UPS) in March reached a deal to buy (TNT) (TNB) for €5.16 billion/$6.8 billion. (UPS) said it will finance the purchase with €3.7 billion of available cash on its balance sheet and €1.46 billion in debt through existing credit facilities.
(UPS) formally submitted the deal for approval to the Netherlands financial markets authority. It aims to close the transaction in the current quarter.
September 2012: (TNT) Express (CEO), Marie-Christine Lombard has stepped down to pursue an external opportunity. She will leave the company at the end of the month. (TNT) Express (CFO), Bernard Bot, will replace Lombard on an interim basis until a permanent replacement is found.
(TNT) Express Chairman Antony Burgmans described the timing as “regrettable,” but added the change has “no bearing” on the (UPS) merger, which should be completed in early 2013. “We have complete confidence in Bernard’s ability to lead the business and to see through the merger with (UPS),” he said.
(TNT) Express is parent to (TNT) Airways (TNB).
October 2012: The European Commission (EC) is about to “raise serious doubts” about (UPS)’ €5.2 billion takeover of TNT Express, which is parent to (TNT) Airways (TNB), according to a report by the "Financial Times (FT)."
Citing sources, the (FT) said the (EC) is wrapping up its investigation and will issue a statement of objections “as early as next week.” The (EC) is concerned the deal will limit competition. (UPS) will have to offer concessions if it still wants the deal to proceed.
(TNT) Express Chairman Antony Burgmans recently said the tie-up was due to be completed by early 2013. He made the comments following the sudden departure of (TNT) Express (CEO) Marie-Christine Lombard.
Later, United Parcel Service (UPS) and (TNT) Express said they have received a statement of objections (SO) from the European Commission (EC) related to the “competitive effects” of the companies’ pending merger.
(UPS) reached an agreement earlier this year to acquire (TNT) for €5.16 billion/$6.76 billion, but the (EC) postponed a decision to approve the deal over antitrust (ATI) concerns. The (SO) is a “normal step” in the merger process, (UPS) and (TNT) said.
The document is confidential, so the exact details of the (EC) objections are not public. In July, the (EC) said, “The proposed acquisition could in particular reduce competition for the provision of the fastest express delivery services, to the detriment of direct customers and ultimately of European consumers.”
(UPS) and (TNT) noted an (SO) “does not prejudge the final outcome of the case.” The companies said they plan to respond “within a couple of weeks and intend to preserve the confidentiality of the document.”
They reiterated their contention that, even with the express delivery operators merging, “competition in Europe continues to be significant, coming from multiple players who offer similar services. The combined company will help create a more efficient logistics market, thereby improving the competitiveness of Europe and the solutions offered to businesses and consumers.”
(UPS) and (TNT) aim to complete the merger in early 2013.
November 2012: (TNT) Express has agreed to sell its 2 airlines to the (ASL) Aviation Group to overcome ownership restrictions triggered by its planned merger with (UPS).
(ASL) Aviation is parent to Irish cargo airline Air Contractors (HCA) as well as French passenger and cargo operation Europe Airpost (EUE). Under the deal, (ASL) will acquire 100% of (TNT) Airways (TNB)) and Spanish carrier Pan Air (PNZ) just before (UPS) and (TNT) merge. “We have found a new ownership and control structure that secures the future of the airlines, ensures service continuity and safeguards TNT Express jobs in Liege. This is an important step towards completion of the proposed (UPS) - (TNT) Express merger and a positive outcome for the airline employees,” interim (CEO) Bernard Bot said.
The sale of the 2 airlines is conditional on (UPS) and (TNT) gaining regulatory approval for their tie-up. Once the deal is completed, (ASL) will take over all flights performed by (TNT) Express’ airlines and it will act as a 3rd-party provider to the combined (UPS) - (TNT) Express group.
Although the majority of staff will be transferred, a few will return to (TNT) Express’ Liege hub. (TNT) Express said (ASL) plans to maintain (TNB)’s Liege headquarters and it does not expect the change of ownership to impact activities at Liege for “at least one year.”
(ASL) Aviation Group (CEO), Hugh Flynn said the deal will give (ASL) new growth opportunities. (ASL) (which is 51% owned by Compagnie Maritime Belge and 49% by (3P) Air Freighters) employs 1,200 staff and has a fleet of around 90 passenger and freight airplanes. In 2011, it generated a €410 million/$523 million turnover.
Beyond (HCA) and (EUE), the (ASL) Aviation Group also includes leasing companies (ACL) Aviation, (ACL) Leasing and (ACL) Air, plus support businesses (ACL) Aviation Support, Air Contractors Engineering and Air Contractors UK.
Freight giants (TNT) and United Parcel Service (UPS) have submitted a series of remedies to the European Commission (EC) in a bid to secure regulatory approval for their merger.
On October 19, (TNT) and (UPS) received a statement of objections from the (EC). In its findings, the (EC) voiced concerns that the tie-up could reduce competition in the express delivery market and ultimately affect consumers.
(UPS) and (TNT) have now responded to the objections, saying they have submitted some proposed remedies to the (EC). These remedies include the “sale of business activities and assets,” as well as “granting access to air capabilities,” although the specifics are confidential and no further details were given.
“(UPS) and (TNT) Express continue to be fully committed to the merger and are working closely with the (EC) in order to gain competition clearance allowing completion of the transaction in early 2013. As part of the approval process, the (EC) will market-test the remedies on a confidential basis,” the companies said. The remedies’ submission will extend the (EC)’s review period by 15 business days to February 5, 2013.
(TNT) Express has already agreed in principle to sell its two airlines, (TNT) Airways (TNB) and Pan Air (PNZ), due to ownership restrictions triggered by the merger.
January 2013: USA freight giant United Parcel Service (UPS) has scrapped its takeover of European rival, (TNT) Express after the European Commission (EC) said it would block the deal.
Netherlands-based, (TNT) Express said the two companies met the (EC) case team investigating the proposed acquisition on January 11. “The case team informed the companies that on the basis of (UPS)’s current remedy proposal, it is working towards proposing a prohibition decision,” it said. “Subsequently, (UPS) informed (TNT) Express that (UPS) sees no realistic prospect that (EC) clearance can be obtained and that (UPS) will not pursue the transaction on any other basis. Formal termination of the merger protocol will occur upon receipt of the prohibition decision from the (EC), which (based on the above) (TNT) Express deems inevitable.”
In October, the (EC) lodged a statement of objections related to the “competitive effects” of the companies’ pending merger, which the two companies failed to satisfactorily remedy.
Although details of the remedy remain largely confidential, (TNT) Express spokesman, Cyrille Gibot said it involved (UPS) divesting certain business activities.
In November, (TNT) Express agreed to sell its two airlines to the (ASL) Aviation Group to overcome ownership restrictions triggered by the planned merger. “That deal was conditional on the overall [acquisition] agreement, so we can say it is off the table,” Gibot said.
(TNT) Express said it regretted the situation, “having believed the merger was feasible and beneficial for all stakeholders. (UPS) has confirmed to (TNT) Express payment of the agreed €200 million/$267 million termination fee.”
An (EC) Competition Commission spokeswoman declined to comment, other than saying its formal decision on the proposed acquisition is due before February 5.
The proposed €5.16 billion/$6.9 billion acquisition, which was revealed in March 2012, would have reduced the 4 global express freight carriers ((UPS), (TNT) Express, FedEx (FED) and (DHL) Express) to 3.
European competition regulators have, as anticipated, blocked (UPS)'s acquisition of (TNT) Express, saying the deal could harm consumers.
“The (EC) found that the takeover would have restricted competition in 15 member states, when it comes to the express delivery of small packages to another European country. In these member states, the acquisition would have reduced the number of significant players to only 3 or 2, leaving sometimes (DHL) as the only alternative to (UPS).”
(UPS) submitted 3 packages of remedies, in November, December and January, in a bid to secure competition clearance after receiving a statement of objections to the tie-up. It offered to sell (TNT) subsidiaries in the 15 problem countries: Bulgaria, the Czech Republic, Denmark, Estonia, Finland, Hungary, Latvia, Lithuania, Malta, the Netherlands, Poland, Romania, Slovakia, Slovenia, and Sweden. It was also willing to sell subsidiaries in Spain and Portugal to boost the scale of the disposal and give the buyer access to its intra-European air network for 5 years.
The remedies foundered because the number of would-be purchasers was “severely limited” and (UPS) failed to seal an agreement before the end of the (EC)’s investigation.
(EC) VP Competition Joaquin Almunia said: “We worked hard with (UPS) on possible remedies until very late in the procedure, but what they offered was simply not enough to address the serious competition problems we identified.”
Almunia said businesses would have been “directly harmed” by the takeover, because it would “drastically” reduce choice and probably lead to price increases. There are only four integrators in Europe: (UPS), (TNT), (DHL), and FedEx (FED).
(UPS) said January 14 that it had already given up hope of securing competition clearance. (TNT) Express had agreed to sell its 2 airlines, (TNT) Airways (TNB) and Spanish carrier Pan Air, to the (ASL) Aviation Group to overcome ownership restrictions triggered by the (UPS) merger. This was conditional on (UPS) securing approval to acquire (TNT) Express.
February 2013: (TNT) is considering cutting its headcount and selling some of its long-haul fleet after the European Commission (EC) blocked its planned tie-up with United Parcel Service (UPS).
Speaking at the release of the company’s full-year results, interim (CEO) Bernard Bot said (TNT) Express (TNB) is now “looking firmly at a standalone future.” However, he added that “trading conditions remain difficult” and (TNB) now needs to press ahead with “a number of actions which were suspended because of the (UPS) offer.”
He added that (TNB) will detail its new strategy March 25. “We are clearly aware that further urgent improvements are required,” Bot said. “This will be more comprehensive than just cost measures. We will be looking at the company as a whole.”
Under the revamp, (TNT) Express (TNB) will divest its domestic businesses in Brazil and China, although its international activities to these countries will continue. Job reductions will “more than likely” also form part of the measures. “We have to restructure our operating and overhead levels. That will impact staff, but I don’t want to conjecture too much here and now, when plans have not finalized,” Bot said.
(TNB) is also reassessing “structural solutions for its air capacity,” after plans to sell some of its long-haul fleet were put on hold during the (UPS) talks. “We have 3 777s and 2 747s. 1 of our 747s is semi-grounded, operating one rotation per week into China. This is not a situation we are comfortable with,” Bot said. “We are looking at various alternatives to reduce the fleet. The 747s may be the 1st target, but we will be looking at the 747 and 777 fleet as a whole, to see what we can do to reduce capacity. We don’t need that many airplanes.”
(TNT) Express’ 2 airlines (TNT) Airways (TNB) and Spanish carrier Pan Air may also come under scrutiny during the review, according to interim (CFO) Jeroen Seyger. (TNT) Express struck a deal to sell the airlines to Air Contractors (HCA) parent, (ASL) Aviation, conditional on the (UPS) deal. “This was a conditional sale related to the (UPS) transaction, because they could not be owned by a non-European legal entity,” Seyger said. “That doesn’t mean we would exclude any option in the future, but it is not as straightforward as it was at the time when we were pursuing the merger with (UPS).”
(TNT) Express’ adjusted full-year revenues fell by -1.7% to €7.1 billion/$9.5 billion in 2012, while its adjusted operating income for the year decreased -16.4% to €188 million.
(TNT) Express has appointed supervisory board member, Tex Gunning as its new (CEO), effective June 1. He succeeds interim (CEO) Bernard Bot.
The appointment is subject to shareholder approval at the company’s annual general meeting April 10. If the appointment is approved, Bot will return to his former role as (CFO) June 1 and interim (CFO), Jeroen Seyger will revert to a senior finance role.
In September 2012, former (TNT) Express (CEO), Marie-Christine Lombard stepped down as (TNT) Express was in the midst of a planned takeover by (UPS), which was recently blocked by the European Commission (EC).
Gunning is a (TNT) Express supervisory board member, although he will relinquish that role with immediate effect. He is a former board member and department head of paint and speciality chemicals firm AkzoNobel. Gunning’s career also spans roles with Unilever and staffing agency, Vedior.
(TNT) Express Chairman, Antony Burgmans said: “Tex’s extensive business experience and track record in successfully turning around businesses and delivering results make him the ideal candidate in this critical time for the company. We look forward to Tex stepping into his new role and helping the company realize its improvement plans.”
Gunning said he fully endorses (TNT) Express’ improvement plan, which will be finalized over the coming weeks and presented March 25.
March 2013: (TNT) Express will cut -4,000 positions over the next 3 years under its new go-it-alone strategy after European regulators blocked its plans to merge with United Parcel Service (UPS). “(TNT) Express’ profit improvement plan is expected to affect 4,000 positions throughout the company in the next 3 years. (TNT) Express will engage in thorough discussions with employees, works councils and unions regarding consequences and the best possible solutions,” (TNT) said.
The job cuts form part of (TNT) Express’ ‘Deliver!’ restructuring plan, which was unveiled by the company as anticipated and covers through 2015. The restructuring is expected to deliver -€220 million/-$286 million in recurring savings by 2015. “Successful execution will be critical to improving our performance. We are therefore taking immediate steps to reshape our portfolio, make the company leaner and pursue efficiencies in operational and supporting processes,” (TNT) Express Interim (CEO), Bernard Bot said.
Under the plan, (TNT) Express will expand its most profitable activities and invest €200 million in supporting Information Technology (IT) and infrastructure. However, it will also consolidate its administrative functions and will press ahead with the previously announced sale of its Chinese and Brazilian domestic activities. The Chinese sale is well underway and preparations for the Brazilian disposal have just begun.
Turning specifically to its airline operations, the company said: “(TNT) Express is exploring options to reduce its exposure to intercontinental capacity. Options include capacity-sharing agreements, sub-leases and lease terminations. These will be carefully weighed against the return on the use of the airplanes, which currently covers cost.”
Management of the company will also be revamped under the leadership of proposed (CEO) Tex Gunning. “At the heart of the new organization will be the executive board and a global functional board with cross-company responsibilities. The previous regional structure will be unwound. The new business units Australia/New Zealand, Benelux, France, Emerging, Europe/Americas, Germany, Italy and UK/Ireland will report directly to the (CEO).”
The restructuring is expected to cost around €150 million between now and 2015.
April 2013: United Parcel Service (UPS) has appealed the European Commission (EC)’s rejection of its €5.16 billion/$6.7 billion bid to acquire (TNT) Express.
The appeal filed with the European Union (EU) General Court in Luxembourg is not aimed at reviving the (UPS)-(TNT) merger, at least in the near term. Instead, (UPS) is seeking to invalidate the (EC)’s decision as a precedent to be used for judging the antitrust implications of any future attempted acquisitions in Europe.
“We believe the decision was factually and legally erroneous,” a (UPS) spokesperson said in an emailed statement. “We are challenging the decision in order to ensure a more accurate assessment of the (EU) competitive landscape and that no precedent is established by the (EC) that would limit international growth opportunities.”
(UPS) said it wants to ensure that the rejection of its attempted purchase of (TNT) will “not be used as a basis for future decisions by the (EC).”
July 2013: Express freight specialist (TNT) Express dropped sharply into deficit for the 2nd quarter, recording a post-tax loss of -€303 million/-$401 million compared to a profit of +€38 million for the same period last year.
January 2014: 737-3YOF (24255, OY-JTH), ex-(OO-TNG), Jet Time (JTM) leased, ferried Copenhagen to Liege.
April 2014: (TNT) Express said Maarten Jan de Vries will join the company as (CFO) and member of the executive board, pending shareholder approval, effective July 1.
December 2014: (TNT) Express (TNB) is building a new 6,350 sq m depot in Eindhoven, expected for completion in June. The express carrier is also expanding Boeing 737-400F service to Hanover with 5x-weekly service to Liege, Bilund, and Oslo.
April 2015: Transportation and logistics carrier, FedEx (FED) has inked a conditional agreement to acquire 100% of (TNT) Express (TNB), which will result in (TNB) selling its airline operations.
(FED) is offering €8.00/$8.79 per share, valuing (TNT) Express (TNB) at approximately €4.4 billion, but it will only go ahead with the offer if it can gain 100% ownership. The partners expect to close the deal by June 2016. “(FED) has a market capitalization of $47 billion, solid investment grade credit rating and ample available liquidity,” (FED) said.
Announcing the deal on April 7th, FedEx (FED) said the European regional headquarters of the combined companies will be in Amsterdam/Hoofddorp, and Liege will be maintained as a “significant operation,” but (TNT) Express (TNB)’s own air operations will be sold.
“(TNT) Express’ operations as a European air carrier will be divested to address applicable airline ownership regulations. Where permitted by regulation, FedEx (FED) intends to transition (TNT) Express (TNB)’s intercontinental air operations to FedEx (FED),” the companies said.
FedEx (FED) Chairman & (CEO) Frederick Smith described (TNT) Express (TEB) as a strategic acquisition that will add significant value, positioning (FED) for greater long-term profitable growth. The acquisition will strengthen (FED)’s global network, combining (TNT) Express (TNB) strong European capabilities and (FED)’s strength in other regions, such as North America and Asia.
(TNT) Express (TNB) (CEO) Tex Gunning said his company did not solicit an acquisition, but (FED)’s proposal has been unanimously recommended and supported by (TNB)’s executive and supervisory boards. “With this offer, our shareholders can already reap benefits today that otherwise would only have been available in the longer run.”
The companies added there is a “high level of deal certainty” and 14.7% (TNT) Express (TNB) shareholder PostNL has confirmed it plans to tender its stake. Likewise, (TNB)’s only shareholding board member has agreed to sell his shares.
“The combined companies will cooperate to avoid any significant redundancies in the global or Dutch work forces,” according to the joint statement. The (TNT) Express brand will be maintained for “an appropriate period” and Gunning plans to stay on as a board member.
News of the deal comes just two years after (UPS) was blocked from a similar transaction on competition grounds, but the partners are confident they can resolve any antitrust concerns.
May 2015: FedEx (FED) has said it is making “timely progress” with its plans make an offer for 100% of Dutch integrator (TNT) Express (TNB), although it may need more time from Dutch authorities.
The €4.4 billion/$4.9 billion offer, which was announced in April, requires competition clearances from various bodies in Brazil, China, the European Union (EU), the Netherlands, and the USA.
Although the competition approval process is “proceeding without delays,” FedEx (FED) warned that the formal clearances could take up to a year. “As such, it may be required to obtain an exemption from the [Dutch market regulator] (AFM) to (further) extend the offer period,” the companies said. (FED) still plans to submit an offer document to (AFM) before June 30, which is the deadline under Dutch law.
2 years ago, rival freight carrier (UPS) was blocked from a similar transaction on competition grounds, but the partners believe this deal will go through. “FedEx (FED) and (TNT) Express (TNB) remain confident that substantive anti-trust concerns, if any, can be addressed adequately and in a timely fashion,” the two companies said in a joint market update.
If the acquisition is successful, (TNB) will have to sell its airline operations. The partners expect to close the deal by June 2016.
August 2015: News Item A-1: FedEx (FED) will formally launch its €4.4 billion/$4.9 billion takeover bid for (TNT) Express (TNB) on August 24, offering €8.00 per share for the freight specialist, with the aim of completing the acquisition in the first half of 2016.
News Item A-2: "Stockholm Västerås to Lose Only Freight Operator" August 13, 2015.
(TNT) Airways ((IATA) Code: 3V, based at Liège) (TNB) is planning to switch its Stockholm Västerås operations to nearby Örebro and Stockholm Arlanda, in a move which will leave the Stockholm Vasteras airport without scheduled cargo operations.
Sweden's Flygtorget said the logistics specialist's daily 737F freighter service from Liège is being rerouted to Arlanda and Örebro, owing to their superior freight handling facilities.
As such, with (TNT) Airways (TNB)'s departure due later this year, Västerås's only remaining scheduled operator is Ryanair (RYR), which offers flights to Alicante, London Stansted, and Malaga.
News Item A-3: (TNT) Airways currently operates 46 airplanes, to 8 countries, 10 destinations, on 12 routes and 7 daily flights.
October 2015: News Item A-1: FedEx (FED) takeover target (TNT) Express has posted a €27 million/$29.7 million third quarter operating loss, nearly halving the -€51 million loss in the year-ago period.
“We remain focused on executing our outlook strategy to transform and turn (TNT) around,” (TNT) (CEO) Tex Gunning said. “2015 is a transition year for (TNT). We expect to see year-on-year margin improvements from 2016 on wards.”
During the 3-month period, (TNT)’s revenues rose +2.3% to €1.7 billion, or +3.6%, excluding currency effects and the negative impact of lower fuel surcharges.
However, as anticipated, the company took a hit from some of its regional activities. “The economic volatility in Australia, China and Brazil weighed on (TNT)’s revenues and overall performance in these parts of the world,” (TNT) said in an earnings release.
The operating income figure was also depressed by €40 million in exceptional items, including €23 million in restructuring charges. Its adjusted operating income stood at €13 million, compared with €46 million for the same period of last year.
“Operating result was affected by pricing pressures, outlook-related transition and project costs (€8 million), and costs to enhance service capabilities. (TNT) experienced lower margins in France in particular,” the company said.
(TNT) is being acquired by FedEx (FED), under a deal that has just secured regulatory clearance and is expected to close in the 1st half of 2016.
News Item A-2: "(TNT) Express (TNB) Passes Takeover Resolutions; Warns On 3rd Quarter" by (ATW) Victoria Moores, October 9, 2015.
(TNT) Express (TNB) shareholders have passed a series of resolutions during an extraordinary general meeting, paving the way for FedEx (FED) to acquire the company.
However, in a trading update released just ahead of the meeting, (TNT) cautioned its 3rd quarter adjusted operating income will be “materially” lower than in the same period of last year.
(TNT) said it has made progress with the roll-out of its 3- to 5-year “Outlook” turnaround strategy, posting underlying revenue growth, but economic volatility in Brazil, China and Australia weighed on its performance. It also faced headwinds in the Australian domestic market and its French operations posted “substantially lower margins.” Transition costs and a €300 million/€338 million investment in transport and Information Technology (IT) infrastructure in 2015, but not due for completion until 2016, also had an impact.
“In view of these factors, as well as Outlook-related transition costs, (TNT) anticipates that third-quarter adjusted operating income will be materially lower than in the same period of last year. As stated in February, 2015 is a challenging year of transition for (TNT), which expects to “achieve year-over-year improvements from 2016 onward and to realize the full benefits of Outlook from 2018 - 2019,” it said.
During the (EGM), (TNT)’s shareholders accepted all the resolutions related to the €4.4 billion Fedex (FED) takeover, including the appointment of 3 (FED) executives (David Cunningham, Christine Richards and David Bronczek) to the (TNT) Express supervisory board, once the deal is finalized.
Shareholders have until October 30 to tender their shares under the €8.00 per share takeover bid; FedEx (FED) is aiming to complete the acquisition in the 1st half of 2016. If the deal succeeds, (TNT) Express’ European airline operations will be divested due to airline ownership regulations.
(TNT) is due to detail its 3rd quarter performance on October 26.
November 2015: "Possible Buyer Emerges for TNT Express Airline Activities", by (ATW) Victoria Moores, November 3, 2015.
Belgian maritime group, Compagnie Maritime Belge (CMB), which is a 51% shareholder in Dublin-based (ASL) Aviation Group, has registered an interest in taking on (TNT) Express’ (TNB) airline activities.
(TNT) Express is being acquired by FedEx (FED) and, if the deal succeeds, (TNT)’s European airline operations will have to be divested due to airline ownership regulations. This has sparked interest from (CMB).
“(CMB) has issued a statement, saying that they (through (ASL) Aviation) would be interested in (TNT)’s airline activities,” (ASL) Aviation Group corporate Affairs Director, Andrew Kelly said during a media briefing at the European Regions Airline Association (ERA) General Assembly in Berlin.
In a follow-up comment on November 3, Kelly clarified that the (CMB) statement had been issued many months ago and there have been no new developments since. This is not the 1st time the (ASL) Aviation Group has sought to take on (TNT)’s airline operations.
USA-based, United Parcel Service’s (UPS) launched a takeover bid for (TNT) Express (TNB) in 2012 and a deal had been set up for (ASL) Aviation Group to acquire (TNT)’s 2 airlines, (TNT) Airways (TNB) and Pan Air (PNZ). (ASL) was due to take over all flights performed by the carriers and act as a 3rd-party provider to the combined (UPS) - (TNT) Express group. However, this was all conditional on (UPS) succeeding in its bid, which ultimately fell down on competition clearances.
Conversely, FedEx (FED) has secured a tentative green light from the European Commission (EC) for its takeover of (TNT) Express, which could make the airline disposal more likely to happen this time around.
The (ASL) Aviation Group holds seven air operator’s certificates (AOCs) in Europe, Asia, and Africa. Its European airlines comprise Irish cargo specialist, Air Contractors (HCA) (recently rebranded as (ASL) Airlines Ireland), Europe Airpost (ASL Airlines France), Farnair Switzerland (ASL Airlines Switzerland) and Farnair Hungary (ASL Airlines Hungary). (ASL) also has stakes in South Africa’s Safair (SFA), Thai freight carrier K-Mile and India’s Quikjet Cargo Airlines.
The group as a whole, operates a fleet of >100 aircraft and employs 1,600 staff globally. In 2014, (ASL) carried 1.3 million passengers, generating $361 million in revenue and yielding a +$18.6 million net profit.
A (TNT) spokesman declined to comment on any interest that has been shown in (TNT) Airways (TNB) and Pan Air (PNZ), saying only that an update will be issued in “due course.” “The goal is to find a structure for the airlines ((TNT) Airways (TNB), Pan Air (PNZ)) that complies with European and USA airline ownership rules, and to ensure continuity of operations of the airlines after closing. In other words, this isn't a 'remedy' required by antitrust authorities,” he said.
On October 30, (FED) extended its takeover offer period for (TNT) (TNB) until January 8, 2016. “The acceptance period has been extended because not all offer conditions, in particular, the offer condition relating to competition clearances, were fulfilled upon expiry of the initial acceptance period at 17:40 hours (CET) on October 30, 2015,” it said.
The takeover is subject to antitrust clearance from Brazil, China, the European Union (EU) and the USA.
January 2016: "The European Commission (EC) Formally Approves FedEx (FED) - (TNT) (TNB) Merger" by (AYW) Aaron Karp, January, 2016.
The European Commission (EC) has formally approved FedEx Corporation’s proposed €4.4 billion/$4.77 billion acquisition of TNT Express (TNB). “Following an in-depth investigation opened in July 2015, the (EC) has concluded that the acquisition will not give rise to competition concerns, because (FED) and (TNB) are not particularly close competitors and because the merged entity will continue to face sufficient competition from its rivals in all markets concerned,” the (EC) said on January 8.
The (EC) clearance moves (FED) and (TNB) closer to completing the deal. The USA government cleared the acquisition in November. With USA and (EU) approval now secured, regulators in China and Brazil present the biggest remaining hurdles to closing the transaction.
“We are extremely pleased to receive the (EC)’s unconditional approval,” FedEx Express (FED) Regional President Europe, David Binks said. “We believe the combination of (TNT) Express (TNB) and (FED) will provide significant value to the employees, customers and shareholders of both companies.”
(FED) and (TNB) have extended to June 6 the acceptance period for FedEx (FED)’s public offer. The companies said they will work toward gaining regulatory clearance from Brazil and China by that date.
February 2016: News Item A-1: "Brazil Approves FedEx Takeover of (TNT) Express (TNB) by (ATW) Victoria Moores, February 2, 2016.
Brazilian competition watchdog Conselho Administrativo de Defesa Econômica has unconditionally approved FedEx (FED)’s plans to acquire (TNT) Express (TNB).
In February 2015, FedEx (FED) inked a conditional agreement to acquire 100% of (TNT) Express for €4.4 billion/$4.9 billion.
Announcing the unconditional Brazilian clearance on February 2, (FED) President & (CEO) David Bronczek said the acquisition will bring opportunities for (FED)’s stakeholders in Latin America and across the globe.
The Brazilian approval can be appealed within 15 calendar days of the official publication of the decision.
For the merger to complete, (FED) and (TNB) require competition approval from the European Union (EU), Brazil, China, and the USA. Of these, China is now the only clearance outstanding.
“FedEx (FED) and (TNT) Express (TNB) continue to work constructively with the regulatory authorities to obtain clearance of the transaction in the relevant jurisdictions, including China. (FED) and (TNB) are making timely progress and continue to anticipate that the offer will close in the 1st half of calendar year 2016,” the partners said.
A previous tie-up between (TNB) and USA-based United Parcel Service (UPS) fell down on competition clearances. There are currently only 4 integrators operating in the European Economic Area, including (FED) and (TNB). The other 2 are (DHL), which is owned by Deutsche Post, and (UPS).
News Item A-2: The (ASL) Aviation Group has signed a conditional agreement to buy 2 cargo airlines owned by (TNT) Express (TNB), which is itself being acquired by FedEx (FED).
(TNT) Express (TNB) is being acquired by (FED) and, if the deal succeeds, (TNT)’s Belgian airline (TNT) Airways (TNB) and its Spanish carrier Pan Air Líneas Aéreas (PNZ) will have to be divested due to airline ownership regulations.
As reported by (ATW) last November, the (ASL) Aviation Group was always a likely candidate to acquire the 2 airlines. This is because the (ASL) Aviation Group was on track to acquire (TNT) Airways (TNB) and Pan Air (PNZ) in 2012, when United Parcel Service (UPS) launched a takeover bid for (TNT) Express. This deal ultimately failed on competition grounds, thwarting (ASL) Aviation’s plans to acquire the cargo carriers.
(TNT) Express said it has now agreed to sell (TNT) Airways (TNB) and Pan Air (PNZ) to (ASL) Aviation for an undisclosed sum. However, once again, this sub-deal is conditional on FedEx (FED)’s acquisition of (TNT) Express going ahead.
“The change of ownership and control of (TNT)’s airline operations will ensure continuity of service delivery as well as compliance with (EU) airline ownership and control rules. It is another step towards closing of the FedEx (FED) offer to acquire (TNT),” (TNT) Express said.
(ASL) Aviation (CEO) Hugh Flynn described the acquisition of (TNT) Airways and Pan Air (PNZ) as a “key strategic step” for his company’s growth, with (ASL) Aviation acting as a “neutral aviation services provider” for the FedEx (FED) - (TNT) combination.
Under the plan, (ASL) Aviation will take over (TNT) Airways and Pan Air Líneas Aéreas (PNZ)’s flights from the moment that the sale of (TNT) Express to FedEx (FED) is completed. (ASL) Aviation has signed a multi-year deal with (TNT) Express, where it will operate flights for the newly joined (FED) - (TNT).
“In anticipation for closing, we had to find a new owner for (TNT)’s airlines to comply with aviation regulations. With (ASL) Aviation Group, we have found an experienced aviation group that can meet the high service standards that we have implemented at (TNT) over the last two years,” (TNT) (CEO) Tex Gunning said. “Great progress is being made in planning the integration of FedEx (FED) and (TNT).”
This time, the upper level acquisition between (FED) and (TNT) Express seems to be proceeding more smoothly, with crucial competition clearances already secured from the (EU), Brazil and the USA. However, the Brazilian approval could still be appealed and a further clearance is required from China for the acquisition to go ahead. In a statement issued on February 2, (FED) and (TNT) Express said they are making progress and still expect to close the offer in the 1st half of 2016.
Upon completion, employees of (TNT) Airways and Pan Air (PNZ) will become part of (ASL) Aviation Group. (TNT) Airways’ headquarters in Liège will be retained. (TNT) Express’ Liège hub is not part of the sale and will be retained by (FED) - (TNT).
The (ASL) Aviation Group holds 7 air operator’s certificates (AOCs) in Europe, Asia, and Africa. Its European airlines comprise Irish cargo specialist, Air Contractors (HCA) (recently re-branded as (ASL) Airlines Ireland), Europe Airpost (EUE) ((ASL) Airlines France), Farnair Switzerland ((ASL) Airlines Switzerland) and Farnair Hungary ((ASL) Airlines Hungary). It also has stakes in South Africa’s FlySafair (SFA), Thai freight carrier K-Mile (KMI) and India’s Quikjet Cargo Airlines.
The Irish firm owns and operates a fleet of around 100 aircraft, although this will grow to >130 following the acquisition.
The diverse company, which generated a €382 million turnover in 2015, also owns 2 support services companies and various leasing entities.
March 2016: "Brazil Rejects (UPS) Appeal of FedEx-(TNT) Merger Approval" by (ATW) Aaron Karp, March 30, 2016.
Brazilian regulatory agency, Conselho Administrativo de Defesa Econômica (CADE) has rejected United Parcel Service (UPS)' appeal of (CADE)’s approval of the FedEx Corporation - (TNT) Express (TNB) merger.
(CADE) had previously unconditionally approved (FED)’s acquisition of Netherlands-based (TNT) Express (TNB), joining regulators in the European Union (EU) and the (USA) in clearing the transaction. The rejection of (UPS)’ appeal, which reaffirms the Brazilian government’s approval, means only the Chinese government’s approval is needed for the merger to close.
(FED) has said it expects to close its takeover of (TNT) Express (TNB) in the 1st half of this year.
June 2016: FedEx Corporation (FED) expects to spend $300 million in its 2017 fiscal year to cover capital expenditures and integration costs related to its acquisition of Netherlands-based, (TNT) Express (TNB), which closed May 24.
(FED)’s 2017 fiscal year started June 1. Initial details of (FED)’s (TNT) integration plans emerged as (FED) reported a fiscal year 2016 net profit of +$1.82 billion for the year ended May 31, a +73% increase over net income of +$1.05 billion in (FED)’s 2015 fiscal year. FedEx (FED)’s total revenue in fiscal year 2016 was $50.37 billion, up +6% year-over-year and the first time (FED) has topped the $50 billion annual revenue mark.
(FED) (CFO) Alan Graf told analysts that fiscal year 2017 “will be a year of intense integration activities” for the (FED) unit as its operations are combined with (TNT). The merger integration could “impact [(FED)’s] operating income and margin” in the current fiscal year, but he projected (TNT) will be accretive to (FED)’s earnings in fiscal year 2018 starting June 1, 2017.
“We have a solid integration plan that we are in the process of validating with live data,” Graf said, adding, “I’ve looked at it now for a lot of months and ((TNT) (TNB)) has the best [cargo delivery] road network in Europe by far. When you layer all of our international businesses around the world coming into Europe at that efficient, productive, low-cost network, all of a sudden you start multiplying the benefits in there. They’re very high.”
(FED) Chairman, President & (CEO) Fred Smith said that “2 plus 2 equals 7, so to speak” in (FED)’s €4.4 billion/$4.9 billion purchase of (TNT) (TNB), the largest acquisition in (FED)’s history.
(FED) Executive VP Market Development & Corporate Communications, Mike Glenn said (TNT)’s “culture is very, very similar to ours,” which he predicted will help smooth the integration process.
Glenn said (FED) is aware of (TNT)’s strong brand recognition in parts of Europe and will be strategic in transitioning to the FedEx (FED) brand. “There are certain countries where the "(TNT)" brand is quite strong and actually has a higher level of awareness than the FedEx (FED) brand,” he explained. “There are other countries where the (FED) brand is stronger, there are other countries where they’re approximately the same, and we have a brand-transition scenario for all three of those. So it will take us some time, but we’re going to be patient to make sure that we make these changes at the right time, because candidly we want to leverage the strength of the (TNT) brand during the integration.”
October 2016: INCDT: (TNT) Airways (TNB) 737-4MOSF (CFM56-3C1) (3078-29207, /98 OE-IAQ) was disabled from a starboard landing gear problem on landing at Belfast International Airport, Northern Ireland, UK which closed the airport's 2 runways for 12 hours on October 4th.
See photo - "TNB-737-4MOSF - 2016-10.jpg."
January 2017: News Item A-1: 737-4Q8F (25110, OE-IAY), ex-(N778AS, Vx Capital leased. 737-4Z9F (25147, OE-IAB), ex-(N974NZ, Airwork leased).
737-4YOF (24917, HA-KAD) of (ASL) Airlines Hungary (ICAO) Code (Callsign - Blue Strip) operates for (ASL) Belgium, is all white with "ASL Airlines) titles.
News Item A-2: The (ASL) Aviation Group confirmed Ulf Weber will be Chief Executive Officer (CEO) of (ASL) Belgium (formerly (TNT) Airways (TNB)). Ulf will join from Aerologic (AGC) GmbH in Leipzig/Halle Airport, Germany, where he is currently Managing Director (MD) and Accountable Manager.
March 2017: 737-4Q8F (25111, OE-IAZ), ex-(N779AS), (VX) Capital Partners leased.
May 2017: 1 747-4YOF (24917, HA-KAD) of (ASL) Airlines Hungary, operates for (ASL) Belgium in all white colors and "ASL AIRLINES" titles.
Click below for photos:
TNB-737-400F - 2015-08.jpg
TNB-737-4MOSF - 2016-10.jpg
TNB-777-FHT - 2011-10
TNB-B AE 146 - 2011-09
2 727-287F (JT8D-7B HK) (21688) EX-(ARG), WET-LST (STR). FREIGHTER.
1 727-200F (JT8D), LST (HCA), 23T PAYLOAD. FREIGHTER.
0 727-251F (JT8D) (19977), EX-(NAX), 1 EX-(BRS), WET-LST (STR). 19977 SCRAPPED 2002-12. FREIGHTER.
0 727-200F (JT8D), (LUI) WET-LSD, (PHP) OPS. RTND. FREIGHTER.
0 737-200F (JT8D), LST (PHP). RTRD. FREIGHTER.
8 ORDERS 737-300QC/-300F, CONV TO F, BY PEMCO WORLD AIR SVCS. FREIGHTER:
1 737-3Q8SF (CFM56-3B2) (1301-23535, /86 OO-TNE), EX-(N559AU), (GEF) LSD 2004-09. FREIGHTER.
1 737-3Q8SF (CFM56-3B1) (1327-23513, /86 OO-TNC), EX-(ISF), (GEF) LSD 2004-12. WET-LST CLUBMED. TNT COLORS. CONV TO F. LST ATLANTIC AIRLINES 2014-09. FREIGHTER.
1 737-3Q8QC (CFM56-3B2) (1541-24131, /88 OO-TNF), (GEF) LSD 2005-11. 146Y/FREIGHTER.
1 737-3S3F (CFM56-3) (1445-23811, /87, N767LF), (ICE) WET-LSD. FREIGHTER.
1 737-3TOSF (CFM56-3B1) (1258-23569, /86 OO-TNA; 1358-23578, /87 OO-TNB), (GEF) LSD 2003-12. 23569; RTND, LST (AAG) 2013-09. FREIGHTER.
1 737-3YOQF (CFM56-3B2) (1625-24255, /88 OO-TNG), (GEF) LSD 2006-05. (JTM) LSD 2014-01. 148Y/FREIGHTER.
5 737-301F (CFM56-3B1) (1126-23258, /85 OO-TNK, 2007-08; 23512, OO-TNI; 1327-23513, /86 OO-TNC, 2004-10; 1355-23515, /87 OO-TND, 2003-01; 1539-23930, /88 OO-TNH, 2006-09), (GEF) LSD. 23512; LST (SWF) 2010-10. FREIGHTER.
1 737-34SSF (CFM56-3C1) (2983-29108, /97 OE-IBZ), EX-(TF-TNM) 2011-01. FREIGHTER.
9 737-4MOSF (CFM56-3C1) (3056-29205, 3058-29206, /98 OE-IAP; 3078-29207, /98 OE-IAQ; 3081-29208, /98 OE-JAR, 2012-01; 3087-29209, /98 OE-JAS, 2012-02; 3091-29210, /99 OE-JAT; ), (GEF) LSD, EX-(PK-GZM & PK-GZN) TO REPLACE 737-300F FLEET. FREIGHTER.
2 737-4Q8F (CFM56-3C1) (25110, OE-IAY; 25111, OE-IAZ), EX-(N778AS & N779AS), (VX) CAPITAL LSD 2017-01. FREIGHTER.
1 737-4Z9F (25147, OE-IAB), EX-(N974NZ, Airwork leased). FREIGHTER.
1 737-4YOF (24917, HA-KAD) OF ASL AIRLINES HUNGARY OPERATES FOR ASL BELGIUM, IN ALL WHITE COLORS WITH "ASL AIRLINES" 2017-01. FREIGHTER.
1 737-45DF (CFM56-3C1) (2458-27131, /93 OO-TNN - - SEE ATTACHED - - "TNB-737-45DF-2010-12"), EX-(LOT), EX-(EI-EMW), (GEF) LSD 2010-12, AFTER CONVERSION AT GAMECO (GUN), GUANGZHOU. FREIGHTER.
1 737-49RSF (CFM56-3C1) (2833-28881, /96 OO-), EX-(EI-DOS), (GEF) LSD 2006-07. FREIGHTER.
4 747-4HAERF (SCD) (CF6-80C2B5F) (1381-35232, /06 OO-THA "PETER ABELES 1924 - 1999" - - SEE PHOTO; 1386-35234, /06 OO-THB - SEE PHOTO; 1389-35235, /07 OO-THC, 2007-07; 1399-35236, /08 OO-THD), (GUG) 10 YR WET-LSD. (KLM) MAINT. 35232; 35235 WET-LST (EMC) 2007-07. 35236; WET-LST (EMC) 2008-02. FREIGHTER.
1 747-4YOF (24917, HA-KAD) OF (ASL) AIRLINES HUNGARY, OPERATES FOR (ASL) BELGIUM 2017-01 IN ALL WHITE COLORS AND "ASL AIRLINES" TITLES.
0 747-47UF (1165-29252, N491MC), (TLS) WET-LSD 2002-07. RTND. FREIGHTER.
0 + 4 ORDERS 747-47UF (1184-29255, OO-TJA), (TLS) WET-LSD 2002-09. 29255 RTND 2003-05. FREIGHTER.
0 757-23APF (RB211-535E4) (314-24868, TF-FIT), (ICE) WET-LSD 2003-11. RTND. PACKAGE FREIGHTER.
1 757-28A (RB211-535E4) (530-25622, /93 OH-AFK), (GUG) LSD, EX-(ILF)/(HOL)/(AFZ)/(AUA). TO BE CONV TO F BY ST AEROSPACE, SINGAPORE AFTER LEASE TO AIR FINLAND (AFZ) ENDING 2011-02. 219Y TO FREIGHTER.
1 767-383BDSF (26544, EC-LKI - - SEE PHOTO - - "TNB-767-383BDSF-2011-01"), GESTAIR CARGO (REI) WET-LSD 2011-01. FREIGHTER.
1 777-FHT (GE90-110B) (38969, OO-TSA), GUGGENHEIM (GUG) LSD. FREIGHTER.
2 777-FHA (GE90-110B1) (37138, 2011-11; 39286, OO-TSB, 2011-07 - - SEE PHOTO - - "TNB-777-FHT - 2011-10"), FREIGHTER.
0 A300B4-103F (CF6-50C2) (124, /80 EC-HQT), WET-LST (PNR) 2000-09. TNT COLORS. FREIGHTER.
0 A300F-203F (CF6-50C2) (155, /81 OO-TZA "AD SCHEEPBOUWER") CONV 1999-07, EX-ALV, 4 (CVS) LSD, F CONVERSION BY B AE AEROSPACE, (SCH) WET-LSD 1 YR 2000-05. FREIGHTER.
3 A300B4-203F (CF6-50C2) (210, /82 OO-TZC; 247, /83 OO-TZD; 261, /83 OO-TZB), EX-(PAA), CONV TO F BY B AE 1998-12, 42T PAYLOAD. FREIGHTER.
0 A300B4-203F (CF6-50C2) (227, /83 EC-HVZ), WET-LST (PNR) 2001-05. TNT COLORS. FREIGHTER.
0 A300B4-622RF (657, TF-ELU), (ISF) WET-LSD 2004-07. RTND. FREIGHTER.
0 A310-304F (CF6-80) (502, TF-ELE), (ISF) WET-LSD 2004-07. RTND. FREIGHTER.
0 A310-304F (CF6-80) (552, TF-ELS), (ISF) WET-LSD 2003-03. RTND.
2 B AE 146-200A (ALF502R-5) (E2089, /87 OO-TAW; E2100, /88 OO-TAU), 2001-03. FREIGHTER.
6 B AE 146-200QT (ALF502R-5) (E2056, /85 EC-HDH - - SEE PHOTO - - "TNB-B AE 146 2011-09;" E2078, OO-TAQ; E2086, /88 EC-GQO; E2102, /88 EC-ELT; E2105, /88 EC-FZE; E2112, /88 EC-HJH; E2117, /88 EC-FVY), WET-LST (PNR). TNT COLORS. (KLM) UK E&M MAINT. FREIGHTER.
2 B AE 146-200QT (ALF502R-5) (E2067, /87 OO-TAR), EX-(FOY) 2000-06), LST (PHP); E2109, G-TNTD), XFER TO (PNR). (KLM) UK E&M MAINT. FREIGHTER.
2 B AE 146-200QT (ALF502R-5) (E2188, /91 OO-TAZ; E2211, /94 OO-TAY), 2006-02. 94C/FREIGHTER.
4 B AE 146-200QT (ALF502R-5) (E3150, /89 OO-TAK; E3153, /89 OO-TAJ; E3154, /89 OO-TAS; E3166, /90 OO-TAD), 2 LST (RFG). (KLM) UK E&M MAINT. 11T PAYLOAD. FREIGHTER.
1 B AE 146-300QT (E3151, /90 OO-TAA, 2/00), EX-(FOY). (KLM) UK E&M MAINT. FREIGHTER.
3 B AE 146-300QT (E3168, /90 OO-TAH; E3182, /91 OO-TAE*; E3186, /91 OO-TAF), EX-(FOY) 2000-04. (KLM) UK E&M MAINT. *RE-PAINTED ALL WHITE. FREIGHTER.
0 TU-204-100C (PERM PS90-2) (021), AIRREP LSD 2000-04 25T PAYLOAD. RTND. FREIGHTER.
0 TU-204-120C (RB211) (1450743164029, SU-EAJ; 1450743164033, SU-EAK), SIROCCO AEROSPACE LSD 2002-02, (AOX) WET-LSD, OPS BY (CLL) 2002-10. RTND. FREIGHTER.
Click below for photos:
TNB-1-TEX GUNNING - 2013-02
ANTONY BURGMANS, TNT EXPRESS CHAIRMAN.
ULF WEBER, CHIEF EXECUTIVE OFFICER (CEO) (ASL) BELGIUM, EX-AEROLOGIC (AGC) (2017-01).
Ulf joined (ASL) Belgium from Aerologic (AGC) GmbH in Leipzig/Halle Airport, Germany, where he was Managing Director (MD) & Accountable Manager.
TEX GUNNING, CHIEF EXECUTIVE OFFICER (CEO) TNT EXPRESS (2013-02).
BERNARD BOT, (CEO) TNT EXPRESS & CHIEF FINANCIAL OFFICER (CFO).
MAARTEN JAN DE VRIES, CHIEF FINANCIAL OFFICER (CFO) (2014-07).
JAMES MCCORMAC, CHIEF OPERATIONS OFFICER (COO) (TNT) EXPRESS.
NIKY TERZAKIS, MANAGING DIRECTOR, (TNT) AIRWAYS (TNB).
CHRISTIAN DRENTHEN, MANAGING DIRECTOR, TNT EXPRESS'S EUROPEAN AIR & ROAD NETWORK.
MATTHEW MCDONOUGH, PRESIDENT TNT EXPRESS'S NORTH AMERICAN REGION (2005-12).
Matthew McDonough is responsible for the overall management of TNT Express in the United States and Canada, based out of the company's headquarters in Melville, New York.
McDonough was previously Regional VP Americas & North American Operations, including Health & Safety & Information Technology (IT). Prior to joining the Express division in 2002, McDonough was General Manager, USA Region for TNT International Mail. Before coming to TNT in 1999, McDonough was VP Operations & Corporate Compliance Officer at Community Health Care Corporation and served as an Operations Manager for Airborne Express.
McDonough holds a Bachelor of Science, Business Administration from Old Dominion University, Norfolk, Virginia, USA.
BERNARD BOT, CHIEF FINANCIAL OFFICER (2013-06).
JEROEN SEYGER, INTERIM CHIEF FINANCIAL OFFICER (CFO) WILL REVERT TO SENIOR FINANCE OFFICER (2013-06)..
ROSS MCKINNON, GENERAL MANAGER, (TNT) AIRWAYS (TNB).
STEVE BULL, GENERAL MANAGER AIR CHARTER.
THORNTON SIMMONS, GENERAL MANAGER OPERATIONS.
CAPTAIN DANIEL DONNAY, DIRECTOR FLIGHT OPERATIONS (LGGOW3V) (email@example.com).
ERNST MOEKIS, DIRECTOR MEDIA RELATIONS, TNT EXPRESS CORPORATE (firstname.lastname@example.org).
PATRICK LAMONTE, DIRECTOR TECHNICAL (email@example.com) (2002-12).
DINA GHRAM, DIRECTOR MARKETING (firstname.lastname@example.org
LUC GUSTIN, DIRECTOR HUMAN RESOURCES (HR) & MANAGER FINANCE & ADMINISTRATION.
TOM STOREY, AIRLINE DEVELOPMENT DIRECTOR.
CHRISTINE HEINE, MANAGER GROUND OPERATIONS.
WIM KUIT, MANAGER COMMERCIAL.
MARTIN PAGE, TECHNICAL SERVICES MANAGER (email@example.com).
LUC CLUDTS, TECHNICAL SUPPORT MANAGER & MAINTENANCE MANAGER.
PHIL SPURR, FLEET POWERPLANT MANAGER.
HANS DUCHEYNE, TECHNICAL MANAGER.
NORBERT VANREYTEN, QUALITY MANAGER.
OLIVIER LALMAND, TECHNICAL STANDARDS MANAGER.
VERONIQUE SIMONS, COMMUNICATIONS OFFICER (firstname.lastname@example.org)