Condor take-over called off

Air Berlin Profile

The Sept-07 contract for acquiring Condor in the course of a share swap was cancelled by mutual agreement. Both companies have agreed to continue negotiations regarding the feasibility of alternative solutions.

Both Air Berlin and Thomas Cook are interested in exploring other options. In a written communication to the Federal Cartel Office, both parties cited the significantly changed economic framework conditions since the contract was concluded – the price of kerosene alone has more than doubled in the meantime – as the main reason for withdrawing the application. At present, the parties involved intend to continue their discussions, without being subjected to time pressure.

(c) Centre for Asia Pacific Aviation. Date posted: 14-Jul-08  

Other Air Berlin News

• airberlin: Direct flights now available from Berlin to Basel
• Change of Chairman of the Board at Air Berlin
• Service with a smile above the clouds: Air Berlin is looking for flight attendants
• Air Berlin with new GSA for Dubai
• Air Berlin: New routes for winter
• Air Berlin: Increased number of passengers in Jul-2010
• Fly Air Berlin to Swedish Lapland
• Air Berlin starts two times a week from Düsseldorf to Israel’s metropolis Tel Aviv
• Air Berlin goes for major expansion of Tel Aviv flights
• Air Berlin is starting its first service to Gdansk this summer