Travel firms call off Condor deal

Plans by German carrier Air Berlin to buy a majority stake in Thomas Cook’s charter airline Condor have been scrapped due to soaring jet fuel costs.

Travel firms call off Condor deal
Fri, 11 Jul, 2008 - 09:40

Plans by German carrier Air Berlin to buy a majority stake in Thomas Cook’s charter airline Condor have been scrapped due to soaring jet fuel costs.

Air Berlin had agreed to buy a 75.1% stake in Condor in a £480m (€601.5m) deal, which would have seen Thomas Cook take a near-30% stake in the German firm.

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