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TUI, Thomas Cook in German tie-up discussions

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Date: Thursday 28 Aug 2008

LONDON (ShareCast) - Tour operators TUI Travel, Thomas Cook and German airline Lufthansa are in "early discussions" to merge Condor, Germanwings and TUIfly Germany.

TUI and Thomas Cook confirmed the talks in a brief statement today.

"However, 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," said both Tui and Thomas Cook.

TUI owns TUIfly Germany, Thomas Cook owns Condor and Lufthansa operates German wings.

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