28 August 2008

Thomas Cook and TUI to merge German airlines?

Major consolidation of leisure airlines in Germany could be on the cards.

Thomas Cook Group is in early discussions with Lufthansa and TUI Travel about a potential merger of Condor, Germanwings and TUIFly Germany.

No commercial terms have been agreed, said Thomas Cook.

ââ¬ÅâœThere is no certainty that any transaction will result and a further announcement will be made if and when appropriate,ââ¬~ a statement said today.

Thomas Cook previously abandoned plans to pair up Condor with Air Berlin.

by Phil Davies

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