Condor / Air Berlin merger off.
The merger of Thomas Cook owned Condor and Air Berlin has been called off. The deal which was announced in September has been in the hands of the German Federal Cartel Office for the last few months, however Thomas Cook plc and Air Berlin cited “the significantly changed economic framework conditions” since September – including a doubling of the price of jet fuel – as the main reason for pulling the proposed deal.
Thomas Cook is said to be looking at alternative's for the airline and still considers it a major part of its business.