Lufthansa Group are keeping an eye on acquisitions, putting in a non-binding bid for Condor – the German unit of Thomas Cook Airlines.
Lufthansa in a tweet said:
Lufthansa unterbreitet heute ein nicht bindendes Angebot für die #Condor als gesamtes Unternehmen. „Wir glauben, dass wir der Condor eine Perspektive bieten & die Einheit des Unternehmens erhalten können, mit Lang- & Kurzstrecke“, so #CarstenSpohr am Rande der #Hauptversammlung pic.twitter.com/vCQI3ZYpbY
— Lufthansa News (@lufthansaNews) May 7, 2019
Translating it via Google, it comes out as
Lufthansa today makes a non-binding offer for the # Condor as a whole company. “We believe that we can offer the Condor a perspective & get the unity of the business, with long and short haul,” said # Carsten Spoor on the sidelines of the # Annual General Meeting
It’s an interesting move that will stir up a lot of companies who might be considering making a bit Condor and the other parts of Thomas Cook Airlines.
Condor is Germany’s second largest airline – in terms of fleet and passengers flown. The airline primarily handles schedule and charter traffic to leisure destinations
The offer that Lufthansa Group is making could encompass more of the Thomas Cook airlines (such as Thomas Cook Airlines (UK), Thomas Cook Scandinavia, Thomas Cook Airlines Balearics.
Of course – such a move would have the regulators casting more than an eye on this, and what anti-competitive measures may need to take place.
With non-binding bids closing today (7th May 2019), it’ll be interesting to see how else is putting themselves up for buying parts of the Thomas Cook airline business (be it as individual parts of the group or the entire operation).
Welcome to Economy Class and Beyond – Your no-nonsense guide to network news, honest reviews, with in-depth coverage, unique research as well as the humour and madness as I only know how to deliver.