ASL Aviation, the company which bought TNT’s air operations after its acquisition by FedEx, has been bought by Star Capital, a European private equity firm.
The fund manager bought the airline group from Compagnie Maritime Belge, which held a 51% stake having first invested in 1998, and 3P Air Freighters, a 49% shareholder whose sole interest was ASL.
In 2017, ASL made a profit of €15.27m, on revenue of €957.7m.
According to company accounts, …
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Source: The Loadstar