TNT set to establish airline

PUBLISHED : Monday, 03 May, 1999, 12:00am
UPDATED : Monday, 03 May, 1999, 12:00am

TNT, a unit of Dutch postal and courier group TNT Post Group has announced plans to establish and operate its own airline company, TNT Airways. The airline will operate TNT's fleet of 33 aircraft at its air cargo hub in Liege, Belgium. 'The establishment of TNT Airways will make the operation of the fleet more efficient, due to rationalisation and centralisation of management and operations and bring to the company a substantial network cost reduction over the next three years,' TNT Post said.