Tag Archives: Boeing 777

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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Cathay Pacific takes delivery of its 70th Boeing 777 and last 777-300 ER

Cathay Pacific 777-300 B-HNR (94)(Nose-Delivery Ceremony) PAE (Boeing)(LRW)

Boeing (Chicago, Seattle and Charleston) and Cathay Pacific Airways (Hong Kong) celebrated a significant achievement with the delivery of the airline’s 70th 777 aircraft – also the last and 53rd 777-300 ER (Extended Range) of its confirmed orders – that has made Cathay Asia’s largest operator of the 777 fleet.

Cathay Pacific 2014 logo

With this delivery, Cathay Pacific’s 777 aircraft fleet comprises of 53 777-300 ERs, 12 777-300s and five 777-200s. The airline is one of the launch customers for the 777X with 21 777-9 airplanes on order.

Cathay Pacific took delivery of its first 777-300 ER in September 2007.

The new delivery will also help Cathay Pacific retire its remaining passenger Boeing 747-400s.

Cathay Pacific group operates flights to nearly 200 destinations worldwide with its own fleet of more than 200 aircraft.

Photo: Boeing. The pictured Boeing 777-367 ER B-HNR (msn 60724) was officially handed over on September 26.

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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:


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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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Emirates and Boeing celebrate the delivery of the 150th 777

Emirates Airline (Dubai) and Boeing (Chicago, Seattle and Charleston) have celebrated the simultaneous delivery of three 777s – two 777-300ERs and one 777 Freighter – marking the entry of the 150th 777 into Emirates’ fleet.

The triple delivery marks the first time in 15 years that Boeing has delivered three 777s at one time to a single customer.

Emirates is the world’s largest operator of the 777 and also the only airline ever to operate all six of the 777 variants introduced into service by Boeing.


Emirates ordered its first Boeing 777s in 1992 with delivery beginning in June 1996. The airline’s order book for the 777 continued to grow over the following years including a then record-breaking order for 50 777-300 ERs at the 2011 Dubai Airshow and 150 777Xs at the 2013 edition.

Today’s 777-300 ER, which forms the largest part of the Emirates fleet, is the most fuel and cost-efficient airplane in its class and the most reliable twin-aisle aircraft in the world with an on-time departure rate of 99.5 percent. It also has the highest cargo capability of any passenger airplane. Emirates currently has 46 additional 777-300 ERs on order with Boeing.

With this delivery, Emirates now has 13 777 Freighters, the world’s largest and longest range twin-engine freighter, capable of flying 4,900 nautical miles (9,070 kilometers) with a full payload at general cargo market densities. The airplane’s range capability translates into significant savings for cargo operators – fewer stops and associated landing fees, less congestion at transfer hubs, lower cargo handling costs and shorter cargo delivery times.

Boeing also provides Emirates with essential support and services including parts and components and Airplane Health Management to speed the detection and resolution of maintenance issues, Jeppesen Crew Rostering services to optimize flight crew scheduling, and AerData STREAM (Secure Technical Records for Electronic Asset Management) to manage aircraft and engine records.

Photo: Boeing 777-31H ER A6-EPB (msn 42321) sits at the special ceremony at Boeing as the 150th Boeing 777 for the airline.

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