EU law will require FedEx to divest the TNT Airways fleet if its takeover of TNT Express is allowed to proceed. But just what is that fleet, and what will happen to it when it is divested? We last visited this subject in 2012, when UPS and TNT were going through what FedEx and TNT are going through now. To conform to EU law, UPS knew it would have to divest the TNT Airways fleet, and negotiated an agreement to sell it (or much of it) to Ireland-based ASL Aviation Group. FedEx and TNT have confirmed that talks are underway with several potential buyers, including ASL, but at this point, other than that the buyer must be based in the EU, that is all that is known.
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