Thomas Cook, Lufthansa and TUI subsidiary TUI Travel are in "early discussions" regarding a merger of their subsidiary carriers Condor Airlines, Germanwings and TUIFly Deutschland, Thomas Cook announced yesterday. "No commercial terms have been agreed. There is no certainty that any transaction will result and a further announcement will be made if and when appropriate," the company said. LH owns 24.9 % of Condor, with the remainder held by Thomas Cook. Last month, Air Berlin pulled out of a ...

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