Thomas Cook's Condor readies swoop for airberlin's planes

 

Thomas Cooks Condor readies swoop for airberlins planes
Will Condor welcome airberlin in its fold?

Berlin - Leisure airline is 'in the process of preparing a concrete offer'

By Reuters

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Published: Thu 24 Aug 2017, 9:05 PM

Last updated: Thu 24 Aug 2017, 11:07 PM

Thomas Cook's German leisure airline Condor is interested in taking on a number of planes from insolvent airberlin, a source familiar with the negotiations said on Thursday.
The leisure airline is "in the process of preparing a concrete offer", the source said, adding Condor was interested in mainly short-haul routes, and also some long-haul ones. airberlin, Germany's second-largest carrier, filed for insolvency last week after major shareholder Etihad Airways pulled the plug on funding.
The race is on for interested parties to agree a deal for parts of its business, including planes and crew, which would bring access to take-off and landing slots at airports such as Duesseldorf, Berlin Tegel, Munich and Hamburg.
German flagship carrier Lufthansa, which was first to talk with airberlin, on Wednesday said it had presented a term-sheet to the insolvent carrier, setting out its interest in taking over parts of the airberlin group.
A source had said Lufthansa was interested in Austria-based Niki, which flies routes to tourist destinations from Germany and Austria, plus other parts of the business.
Airberlin's planes are currently being kept in the air thanks to a 150 million euros ($177 million) government loan.
But if the money runs out and airberlin is grounded, the slots go into a pool where they will be divided up among airlines, a process that industry experts say would play more into the hands of Ryanair and easyJet.
Thomas Cook repeated an earlier statement that it stood ready to play an "active role".
Its interest in a "double-digit" number of planes was first reported by Sueddeutsche Zeitung.
EasyJet is also interested in up to 40 planes, with slots in Berlin and Hamburg, Handelsblatt reported. The British budget carrier declined to comment.
Ryanair has also said it would be interested in a bid for the whole of airberlin, as has German aviation investor Hans Rudolf Woehrl.
Woehrl said on Thursday he had been invited to talks with airberlin next week.
Meanwhile, Lufthansa's budget unit Eurowings seemed to be making an early attempt to attract any airberlin staff keen to find a new job while negotiations are still ongoing. Eurowings on Wednesday announced a recruitment drive, saying it was seeking around 200 pilots and 400 cabin crew qualified to fly and crew A320 planes. It did not specifically mention airberlinin the announcement on its website.


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