22nd Apr 2016 09:33
LONDON (Alliance News) - German airline Deutsche Lufthansa AG is seeking a partnership, or a complete takeover, of Thomas Cook Group PLC-owned airline Condor, according to Reuters.
Talks with Thomas Cook have been taking place since at least January, Reuters said citing three people familiar with the matter, as Lufthansa plans to further expand its low-cost Eurowings business which it launched last year to rival the likes of Ryanair Holdings PLC and easyJet PLC.
The talks could result in a marketing cooperation that would allow Lufthansa to buy capacity on Condor's 46 aircraft, sources told Reuters.
It could either acquire a minority stake in Condor or take over the airline completely, Reuters said.
http://uk.reuters.com/article/uk-condor-m-a-lufthansa-idUKKCN0XJ0PI
Shares in Thomas Cook were trading up 3.0% at 93.90 pence on Friday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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