Ansett Australia has agreed to sell its express freight business to TNT
Australia, a subsidiary of Netherlands-based TNT Post Group NV.
Ansett is owned 50-50 by News Corp. Ltd. and Air New Zealand.
News Corp. is selling its stake in Ansett to Singapore Airlines under a
deal announced last month.
TNT said it would continue to run the door-to-door business as a
separate unit keeping its management and all 800 employees, and would be
able to use the Ansett Air Freight brand name for two years.
ANSETT TO SELL EXPRESS BUSINESS TO TNT
ANSETT TO SELL EXPRESS BUSINESS TO TNT
