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Thomas Cook provides Airlines for sale

The British travel group Thomas Cook wants to sell his airline. Including the German Condor. The workforce should not have to Worry - and also for customers to change nothing.

The British tourism group Thomas Cook provides its Airline division of the German Condor for sale. "Yesterday, several investment banks have been commissioned to accompany this process actively," said Airline boss Christoph Debus, the news Agency dpa. The not be done under time pressure, so that it can expect with a multi-month process.

"this is a strategic decision of the group, wants to concentrate on his own Hotels and the digitization of distribution channels. In addition, the debt should be scaled back," said Debus the decision. You need more financial flexibility. Although we have achieved the savings progress, in the summer of bookings, the customers are reluctant, especially in the UK. "For customers, nothing will change. Condor will continue to perform flights as planned."

All the options imaginable

With an Investor would be agreed for future cooperation in order to bring the Thomas Cook guests to their destinations. It was not yet decided whether the three Airlines with a total of 103 aircraft in Germany, Britain and Scandinavia together or in Parts to be sold. "We are very early in this process, we can imagine, but all of the options."

The staff should not have to Worry, said Debus. "The TC-Airline group has made in each year profits and also in the difficult year of 2018 proved that your business model is working," said the Manager with a view to an operating profit of 129 million pounds (147 million euros) in the last fiscal year. You could build on. "A strategic Investor that can develop the business better." Of around 9000 people employed in the TC-Airlines, about 4,000 work at the German company Condor, headquartered in Frankfurt am Main.

hot summer for Thomas Cook, 24.09.2018 slack at Thomas Cook, 27.11.2018 Atlas |UK |London

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