Tag Archives: Boeing 777-200

TNT Express stockholders approve the FedEx offer to acquire TNT

TNT Express (TNT Express N.V.) (TNT Airways) (Hoofddorp, Netherlands) stockholders today (October 5) approved the acquisition offer of FedEx Corporation (FedEx Express) (Memphis). The company issued this statement:

TNT Express logo

TNT Express N.V. (“TNT Express”) announces that the Extraordinary General Meeting of Shareholders (“EGM”) was held today, as per the agenda dated August 21, 2015.

At the EGM, the shareholders discussed the recommended public offer by FedEx Acquisition B.V., an indirect wholly-owned subsidiary of FedEx Corporation, for all issued and outstanding ordinary shares including ordinary shares represented by American depositary shares of TNT Express. The Executive Board and Supervisory Board of TNT Express restated their support and recommendation for FedEx’s offer, which is set to provide compelling benefits and opportunities to TNT’s customers, employees and shareholders. Accordingly, the Boards recommended to shareholders to tender their shares pursuant to the offer.

Furthermore, the general meeting resolved to adopt the following resolutions:

  • Conditional Asset Sale and Liquidation
  • Conditional amendment of TNT Express’ articles of association as per the Settlement Date
  • Conditional conversion of TNT Express in a B.V. and amendment of the Articles of Association as per the date of delisting from Euronext Amsterdam and pursuant to the conversion
  • Conditional appointment of Mr. D. Cunningham as member of the Supervisory Board as per the Settlement Date
  • Conditional appointment of Ms. C.P. Richards as member of the Supervisory Board as per the Settlement Date
  • Conditional appointment of Mr. D. Bronczek as member of the Supervisory Board as per the Settlement Date
  • Conditional appointment of Mr. D. Binks as member of the Executive Board as per the Settlement Date
  • Conditional appointment of Mr. M. Allen as member of the Executive Board as per the Settlement Date
  • Conditional amendment of the 2014 remuneration policy of the Executive Board to make changes to the remuneration of Mr. De Vries as per the Settlement Date
  • Conditional granting of full and final discharge from liability to all members of the Supervisory Board for their functioning until the date of the EGM, as per the Settlement Date: Mr A. Burgmans, Mr. S. Levy, Ms. M.E. Harris, Mr. R. King, Ms. M.A. Scheltema and Mr. S.S. Vollebregt
  • Conditional granting of full and final discharge from liability to all members of the Executive Board for their functioning until the date of the EGM, as per the Settlement Date: Mr L.W. Gunning and Mr. M.J. de Vries

As a result, FedEx Corporation issued this statement:

FedEx Corporation logo

FedEx Corporation has taken note of TNT Express N.V.’s (TNT Express) press release in relation to the Extraordinary General Meeting that took place today (the EGM) confirming that the shareholders of TNT Express approved all of the resolutions on the agenda. This release is made in connection with the recommended public offer by FedEx Acquisition B.V. (the Offeror) for all of the issued and outstanding ordinary shares in the capital of TNT Express, including all ordinary shares represented by American depositary shares (the Offer), as more fully described in the Offer Document.

“We appreciate that the shareholders of TNT Express approved the resolutions of TNT Express’ Extraordinary General Meeting,” said David Binks, Regional President Europe, FedEx Express. “We believe the combination of these two great companies will provide significant value to the employees, customers and shareowners of both TNT Express and FedEx, and we continue to work constructively with the regulatory authorities around the world to obtain clearance of the acquisition.”

EGM Resolutions and Offer Period

The Asset Sale and Liquidation Resolutions, the Conversion Resolution and the Governance Resolutions are conditional on the Offer being declared unconditional and the Settlement thereof. The Asset Sale and Liquidation Resolutions are also conditional upon the number of Shares tendered under the Offer, together with those Shares held by or committed to the Offeror or its affiliates and the Shares to which the Offeror or its affiliates are entitled, being less than 95% but at least 80% of TNT Express’ aggregate issued and outstanding ordinary share capital.

As a result of the Asset Sale and Liquidation Resolutions and the Conversion Resolution having been adopted, under the terms and subject to the conditions of the Offer, the minimum acceptance condition of the Offer will be 80% (and not 95%) of TNT’s aggregate issued and outstanding ordinary share capital, on a fully diluted basis, as of the time and date on which the Offer expires.

As previously announced, the Acceptance Period under the Offer is currently scheduled to expire at 17:40 hours CET (11:40 a.m. New York time) on October 30, 2015, unless extended in accordance with the terms of the Offer. FedEx and TNT Express are on track to obtain all necessary approvals and competition clearances.

The Combination presents a highly pro-competitive proposition for the provision of small package delivery services within and outside Europe. The networks of TNT Express and FedEx are largely complementary, given that FedEx’s strength is providing U.S. domestic and extra-EEA international services, while TNT Express’ focus is on providing intra-European services. The Combination would allow the parties to sell a more competitive e-commerce offering in the market, which should benefit consumers and SMEs in Europe and beyond. Based on the required steps and procedures in Europe, Brazil, China and other jurisdictions around the world, however, some of the approvals and competition clearances could be received after October 30, 2015. This would cause the Acceptance Period to be extended. In accordance with the terms and conditions in the Offer Document, the Offeror will announce any such extension by press release no later than three Dutch business days following the expiry of the current Acceptance Period.

European Commission logo

In April 2015, FedEx announced its intention to buy TNT Express for €4.4 billion ($4.8 billion; £3.2 billion), as it looks to expand its operations in Europe. The European Commission launched its investigation into the planned acquisition on July 31, 2015. The EC will decide by December 7, 2015.

Copyright Photo: Paul Denton/AirlinersGallery.com. TNT Airways Boeing 777-FHT OO-TSB (msn 39266) approaches the runway at Dubai.

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Air India announces the world’s longest air route will start on December 2

Air India (Mumbai) has announced the launch of the world’s longest route starting on December 2 from Delhi (DEL) to San Francisco (SFO) with Boeing 777-200 LRs (Longer Range). The new long-range route will be operated three days a week.

The company is also reportedly considering new service to Amsterdam and Barcelona.

Copyright Photo: Ken Petersen/AirlinersGallery.com. Boeing 777-237 LR VT-ALB (msn 36301) taxies at JFK International Airport in New York.

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Read the full report from firstpost.com:


Read the Full Story (LRW)

British Airways Boeing 777-236 ER G-VIIO is damaged at Las Vegas due to an engine fire

British 777-200 G-VIIO damage at LAS (SuaveCastro)(LR)

British Airways (London) flight BA 2276 from Las Vegas (LAS) to London (Gatwick) (LGW) with 157 passengers and 13 crew members on board and operated with Boeing 777-236 ER G-VIIO (msn 29320) aborted its takeoff at LAS at 4:13 p.m. local time (September 8) when the left engine caught on fire. The passengers and crew members evacuated the aircraft on the runway.

The incident closed runway 7L at McCarran International Airport until 0001 am this morning.

The media is now reporting 20 people were injured.

British Airways issued this statement on Twitter:

British Airways logo

We are continuing to care for the 157 customers who were involved in the incident with flight BA2276 from Las Vegas to London Gatwick on Tuesday 8 September 2015.

All customers have been provided with hotel accommodation, and our colleagues are helping them with anything further they require.

Customers who were taken to hospital have all been released following care and treatment. The National Transportation Safety Board in the US is conducting an investigation into the incident and we will give them our fullest support.

The safety of our customers and crew are always our top priorities, and all of our other flights are continuing to operate as normal.

If friends or family of customers who were on board BA2276 have any concerns they can contact British Airways on the following numbers:

From the US: 1 800 654 3246

From the UK: 0800 389 4191

NTSB logo

The National Transportation Safety Board (NTSB) today issued this short statement on Twitter:

NTSB (is) sending (a) team of three investigators to British Airways 777 engine fire that occurred in Las Vegas yesterday.

Twitter photo by CastroBelRico.

Copyright Photo Below: Terry Wade/AirlinersGallery.com. G-VIIO returns to the LGW base prior to the accident.




Scoot retires its last Boeing 777-200, becomes the first all-787 operator

Scoot (flyscoot.com) (Singapore) as planned, retired its last Boeing 777-200 with the delivery and entrance into revenue service of its latest Boeing 787 Dreamliner (787-8 9V-OFB, msn 37118, named “Lickity-Split”).

The airline becomes the first all-Boeing 787 Dreamliner operator in the world. The airline transitioned to its all-787 fleet in just seven months.

The airline issued this short statement on social media on September 2:

NokScoot logo (large)

With the addition of ‪#‎787LickitySplit‬ to the Scoot family, we are now the first airline to operate an all new Boeing 787 Dreamliner fleet across our network of destinations!

Copyright Photo: Micheil Keegan/AirlinersGallery.com. Boeing 777-212 ER 9V-OTC (msn 28509) taxies at Sydney.

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Will the Transaero Airlines brand be retired and merged into Aeroflot?

Aeroflot Russian Airlines (Moscow) has agreed to acquire 75 percent of the shares of failing Transaero Airlines (Moscow). Aeroflot is buying out its main competitor (and its $1.6 billion debt) for the symbolic price of one ruble. Transaero Airlines is the second largest airline in Russia and has lately been failing and building up a large debt.

According to Reuters, “Transaero will be completely overhauled and integrated into the Aeroflot group,” an Aeroflot spokesman was quoted as saying by RIA news agency.

For now, the Transaero Airlines name will be kept alive as a significant but shrinking part of the Aeroflot Group. However for the long term, will Transaero be merged into Aeroflot and the brand retired?

Above Copyright Photo: Gerd Beilfuss/AirlinersGallery.com. Transaero has been introducing this new brand with its new deliveries. Will this new look be retained?

51 percent of the Aeroflot stock is owned by the government of Russia. The government is backing its major industries.

Transaero Airlines (and many other Russian airlines) have been struggling since the ruble collapsed in 2014. In short, Russian citizens are traveling less overseas with their devalued currency.

As we previously reported, even Aeroflot reported a loss in the first half of this year.

On September 1, Transaero Airlines issued this short statement:

Transaero logo

The Government of the Russian Federation held the meeting of the Intergovernmental commission chaired by Igor Shuvalov, First Deputy Prime Minister, on the issues of air transport industry.

In the interests of the development of the commercial aviation and creating one of the largest in the world group of airlines, the commission has approved the acquisition of JSC Transaero Airlines by Aeroflot group.

The shareholders of Transaero Airlines believe this measure will serve the interests of passengers, personnel and partners of the airline.

The Chairman of the meeting has highly appreciated the role of the founders, managers and all the personnel of Transaero Airlines in the modern history of the commercial aviation of the country.

Top Copyright Photo: Michael B. Ing/AirlinersGallery.com. Ex-United Airlines and Air India  Boeing 777-222 ER EI-UNV (msn 28714, ex N205UA/VT-AIK) arrives at Los Angeles International Airport.

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United Airlines’ flight attendants file for federal mediation

United Airlines‘ (Chicago) flight attendants, represented by the Association of Flight Attendants-CWA (AFA), have filed for federal mediation under the jurisdiction of the National Mediation Board (NMB).

According to AFA, the filing was done “in order to bring three years of negotiations to a close and allow United to complete its merger with Continental/Continental Micronesia.”

AFA continued:

AFA-Association of Flight Attendants logo

“A clear dispute exists and it is time for federal mediation. We are calling on management to negotiate a fair contract within the reality of record profits. Three years after the talks for a joint contract began, management doesn’t seemed focused on negotiating a contract Flight Attendants can ratify,” said AFA International President Sara Nelson. “The longterm success of United Airlines depends upon current executives finishing this merger, which includes negotiating a joint Flight Attendant contract, and making good on promises to employees, Capitol Hill and the traveling public.”

Mediation under the Railway Labor Act is a formal, statutorily prescribed process. The mediator directs the negotiations with statutory authority including time and place of meetings, subjects to be discussed in a given week and the general approach to negotiations. NMB mediation is not binding arbitration. The contract would only become effective by agreement of both parties and it would be subject to membership ratification. If mediation does not result in an agreement, the union may petition for a release, which would lead to a strike deadline. AFA is focused on reaching an agreement that Flight Attendants can ratify and which contributes to completing the operational integration of United Airlines.

Without a joint contract, Flight Attendants continue to work separately and on airplanes that are designated as pre-merger United, Continental or Continental Micronesia. This leads to inefficiencies for the airline and Flight Attendants, and these inefficiencies are often experienced by passengers as well. Negotiations updates are posted on OurContract.org and further explanation of mediation and the positions of the Union and Company may be found on this website.

“Management’s failure to participate in realistic merged contract negotiations seems to be a symptom of a larger problem for our airline. We are concerned that management is not focused on completing this merger or running United Airlines for longterm success. A three billion dollar share buy back and investment in a foreign airline without any attempt to invest in United’s frontline is troubling. Management needs to position United to compete with any airline in the world. That starts with negotiating fairly with the women and men who breathe life into the Friendly Skies,” Nelson stated.

Copyright Photo: Keith Burton/AirlinersGallery.com. Boeing 777-222 ER N793UA (msn 26946) approaches the runway at London (Heathrow).

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Emirates to launch the world’s longest air route

Emirates (Dubai) has announced plans to launch services to Panama City, beginning February 1, 2016.

The new service will be the longest nonstop flight in the world (17 hours 35 minutes in the westbound direction) and will be Emirates’ first gateway destination in Central America.

Service to Panama City, Panama’s capital and largest city by population, will commence with a daily flight operated by a Boeing 777-200 LR aircraft in a 3-class layout – 8 in First, 42 in Business, and 216 in Economy. The aircraft can carry up to 15 tons of cargo. Key imports to the country include pharmaceuticals, machinery products, iron/steel rods, and electronics. Service to Panama City will operate through Tocumen International Airport (PTY).

Later this year, Emirates will be adding four additional routes to its global network including Mashhad, Iran and Orlando in September; Bamako, Mali in October; and Bologna in November.
Service to Panama City to begin on February 1, 2016

Emirates flight EK251 will depart Dubai at 08:05 and arrive in Panama City at 16:40 daily. The return flight EK252 will leave Panama City at 22:10, arriving in Dubai at 22:55 the next day.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Boeing 777-21H LR (Longer Range) A6-EWH (msn 35587) departs from Los Angeles International Airport (LAX).

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