Thomas Cook Group announced that it plans to acquire Lufthansa's 24.9% stake in its Condor Airlines subsidiary for €77.2 million ($99.9 million) under options granted in 2007. Condor transported just under 7 million passengers last year but suffered a 10% year-over-year decline in January, a source close to the airline told ATWOnline. Last fall, Thomas Cook pulled out of negotiations to combine Condor, TUI Travel's TUIfly and LH's Germanwings (ATWOnline, Sept. 30, 2008).

Subscribe to Access this Entire Article

"Thomas Cook to take full control of Condor" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.