Airline Pilot Forums

Airline Pilot Forums was designed to be a community where working airline pilots can share ideas and information about the aviation field. In the forum you will find information about major and regional airline carriers, career training, interview and job seeker help, finance, and living the airline pilot lifestyle.




whalesurfer
01-16-2019, 05:40 AM
Interesting development. UPS might actually get some $$$ out of this?

___
BRUSSELS (Reuters) - Europe’s top court opened the way to a $2 billion damages claim by U.S. delivery company UPS (UPS.N) on Wednesday by annulling a 2013 decision to stop it buying Dutch firm TNT Express.

The European Court of Justice said the ruling followed a procedural error by the European Commission in its veto, which paved the way for FedEx Corp (FDX.N) to acquire TNT Express for 4.4 billion euros in 2016, a deal it approved.

UPS, which has said it is seeking 1.74 billion euros ($1.98 billion) from the European Commission, said it was pleased the court agreed that the company had been given a fair hearing.

“The judgment in UPS’s favor makes a number of points preserving a competitive environment in Europe by clarifying the procedure and relevant criteria for merger approval,” it said.

The Commission had rejected UPS’s planned 5.2 billion euro acquisition of TNT, saying it had not offered enough concessions to allay concerns that the deal would hurt consumers.

The court said the Commission had infringed UPS’s rights of defense by using a different econometric model in its analysis than that used in its exchange of views and arguments with UPS.

Wednesday’s ruling follows that of the General Court of the European Union, the EU’s second highest court, in 2017. The Commission had appealed against that ruling.

Reporting by Philip Blenkinsop; editing by Jason Neely and Alexander Smith
Our Standards:The Thomson Reuters Trust Principles.


https://www.reuters.com/article/us-eu-court-ups/eu-court-paves-way-for-2-billion-ups-claim-as-annuls-tnt-bid-veto-idUSKCN1PA13R?utm_source=applenews


G550Guy
01-16-2019, 05:39 PM
UPS, which has said it is seeking 1.74 billion euros ($1.98 billion) from the European Commission,


That’s a whole lotta Döner Kebabs.




Sent from my iPhone using Tapatalk

Tango Uniform
01-18-2019, 12:22 PM
That should buy a few A350 Freighters, yep I said A350..... :)


CactusCrew
01-18-2019, 12:38 PM
That’s a whole lotta Döner Kebabs.




Sent from my iPhone using Tapatalk


More likely a whole lotta stock buybacks :D

Night_Hawk
01-19-2019, 04:20 AM
That should buy a few A350 Freighters, yep I said A350..... :)

Money is going to repair a couple of Dash 8s :(

whalesurfer
01-19-2019, 08:54 PM
That should buy a few A350 Freighters, yep I said A350..... :)

A350 freighter? Don’t see that option on Airbus’ site..

https://www.airbus.com/aircraft/freighter.html

Tango Uniform
01-20-2019, 02:17 PM
A350 freighter? Don’t see that option on Airbus’ site..

https://www.airbus.com/aircraft/freighter.html

The bones were built for freight. Supposedly 90+t freighter. What a better launch customer than the one who launched the 75 and 76 freighter. Bus driver info

BoilerUP
01-20-2019, 02:38 PM
The nonexistent A350-900F would (hypothetically) have about the same containerized volume as a MD11...but a wingspan 1’ longer than a 744F and 7” shorter than a 777F...