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).

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