Go Back  Airline Pilot Central Forums > Airline Pilot Forums > Cargo > UPS
EU court annuls 2013 UPS+TNT veto decision >

EU court annuls 2013 UPS+TNT veto decision

Notices

EU court annuls 2013 UPS+TNT veto decision

Old 01-16-2019, 05:40 AM
  #1  
Gets Weekends Off
Thread Starter
 
Joined APC: Feb 2013
Posts: 1,339
Default EU court annuls 2013 UPS+TNT veto decision

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-e...urce=applenews
whalesurfer is offline  
Old 01-16-2019, 05:39 PM
  #2  
Banned
 
Joined APC: Sep 2015
Position: MD-11 FO
Posts: 493
Default

Originally Posted by whalesurfer View Post
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
G550Guy is offline  
Old 01-18-2019, 12:22 PM
  #3  
Gets Weekends Off
 
Joined APC: Mar 2014
Posts: 176
Default

That should buy a few A350 Freighters, yep I said A350.....
Tango Uniform is offline  
Old 01-18-2019, 12:38 PM
  #4  
Tri-tanic operator
 
CactusCrew's Avatar
 
Joined APC: Jul 2006
Position: Doggie
Posts: 2,382
Default

Originally Posted by G550Guy View Post
That’s a whole lotta Döner Kebabs.




Sent from my iPhone using Tapatalk

More likely a whole lotta stock buybacks
CactusCrew is offline  
Old 01-19-2019, 04:20 AM
  #5  
Gets Weekends Off
 
Night_Hawk's Avatar
 
Joined APC: Nov 2006
Position: F/O
Posts: 328
Default

Originally Posted by Tango Uniform View Post
That should buy a few A350 Freighters, yep I said A350.....
Money is going to repair a couple of Dash 8s
Night_Hawk is offline  
Old 01-19-2019, 08:54 PM
  #6  
Gets Weekends Off
Thread Starter
 
Joined APC: Feb 2013
Posts: 1,339
Default

Originally Posted by Tango Uniform View Post
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
whalesurfer is offline  
Old 01-20-2019, 02:17 PM
  #7  
Gets Weekends Off
 
Joined APC: Mar 2014
Posts: 176
Default

Originally Posted by whalesurfer View Post
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
Tango Uniform is offline  
Old 01-20-2019, 02:38 PM
  #8  
The NeverEnding Story
 
BoilerUP's Avatar
 
Joined APC: Sep 2005
Posts: 7,474
Default

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...
BoilerUP is online now  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
A321
American
57
09-26-2016 09:42 PM
Freighter Captain
Cargo
29
05-22-2007 07:51 AM
Zoro
Cargo
19
07-28-2006 12:30 AM
Freighter Captain
Cargo
2
05-24-2006 10:37 AM
Freighter Captain
Cargo
0
07-11-2005 08:59 AM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Thread Tools
Search this Thread
Your Privacy Choices