TNT considers Subic Bay tie-up with FedEx

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TNT Worldwide Express is looking to relocate its Philippine-based Asian freight hub from Manila to Subic Bay International Airport (SBIA) and is negotiating a line-haul co-operation agreement with FedEx as part of the move.

The company's joint venture Pacific East Asia Cargo (PEAC) carrier is constrained by a shortage of slots and available apron and warehouse space at Manila's Ninoy Aquino International Airport. It now operates a fleet of two Avro 146s and a Boeing 737-200, and wants to add a Boeing 727.

Subic's newly renovated airport is located inside the Subic Bay Freeport area and operators are exempt from paying duty.

Under the deal being discussed, FedEx and TNT would operate independently from SBIA. The agreement, however, would allow each company to carry the other's consignments to different destinations.