Lufthansa to sell Thomas Cook holding, take stake in Sun Express

Lufthansa signed an MOU to sell its 50% stake in leisure travel group Thomas Cook to KarstadtQuelle for €800 million ($1.05 billion) but will raise its stake in Condor Flugdienst from the present 10% to 24.9% and receive the shares held by Condor in Turkish holiday airline SunExpress. The accord...

Subscription Required

 

This content requires a subscription to one of the Aviation Week Intelligence Network (AWIN) bundles.

Schedule a demo today to find out how you can access this content and similar content related to your area of the global aviation industry.

Already an AWIN subscriber? Login

 

Did you know?  Aviation Week has won top honors multiple times in the Jesse H. Neal National Business Journalism Awards, the business-to-business media equivalent of the Pulitzer Prizes.