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Condor reportedly joins TUIfly and Germanwings tie-up talks

18th July, 2008

TUIfly, Germanwings and Condor are reportedly in advanced talks about a three-way airline tie-up. The talks are expected to be concluded during 3Q09. [1134 words]

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This report contains the following subheadings:

  • TUI increasing holding in Jet4You to 100%
  • TUI Travel reports operating loss of GBP250 million in six months to Mar-08; confident of meeting market expectations in FY08/09
  • TUI Travel raising funds through sale and leaseback agreement for 19 aircraft

This report contains the following charts and tables:

  • Germanwings and TUIfly potential route network overlaps: week commencing 14-Jul-08
  • Jet4You business targets: 2006 vs 2010
  • Jet4You destination map: Jun-08