Press Release

TPG to add five Boeing 737-300 Aircraft to its TNT European Air Network

Publish Date : 8 January 2004 at 08:50 CET - Mail, express and logistics company TPG N.V., through its TNT Express division, has today announced plans to introduce a further five Boeing 737-300 aircraft to its European air network. The news follows the successful introduction of the company's first B737 in June and of a second B737 which entered service in the first week of December.

The five aircraft – leased for five years by TNT Airways from GE Capital Aviation Services (GECAS) – will replace chartered aircraft currently operating in the TNT Express air network. The new B737s will be phased in over the next four years - two will join the fleet in 2004, with further aircraft added in 2005, 2006 and 2007. TNT also has options to lease a further five B737s to accommodate planned expansion of the company's European air network to an expected 67 air gateways by 2005.

The aircraft will be converted by GECAS to full freighter capabilities and will offer a payload of 16.5 metric tonnes.

Christian Drenthen, Managing Director, TNT Express Networks said, “Our first B737, which commenced operations in June has provided 100% despatch reliability during the last three months so we are delighted to announce the introduction of these additional B737 aircraft to our fleet, following a thorough evaluation of our current operations. The B737 is a very popular and reliable aircraft which can carry both types of container used by TNT. It is also Cat 3 capable - ensuring that it can operate in the most adverse weather conditions - and is fully compliant with Chapter IV noise regulations.

“Our relationship with GECAS not only allows us to integrate aircraft which match our specific requirements into the fleet, but also gives us the option to lease additional tonnage over the next four years to cope with predicted volume growth. The lease of these aircraft is part of our continued network development programme and of our commitment to provide the fastest and most reliable service for our customers.”

Page publication date: 8 January 2004 at 08:50 CET