FRANKFURT, Jan 16 (Reuters) - Condor, the airline that used to belong to Thomas Cook dinner, has at
FRANKFURT, Jan 16 (Reuters) – Condor, the airline that used to belong to Thomas Cook dinner, has attracted curiosity from buyout teams Apollo APO.N and Greybull in addition to Polish service LOT, that are anticipated to submit closing bids subsequent week, an individual near the matter stated.
Every of the bidders may tie up with a few of Germany’s main tour operators in a possible deal to purchase Condor, the particular person stated on Thursday.
Condor and Apollo declined to remark, whereas Greybull and LOT weren’t instantly out there for remark.
As a part of efforts to chop prices, Condor on Thursday struck a take care of its flight attendants on plans to chop 150 of its 2,400 cabin jobs. That adopted an earlier deal to chop 170 jobs in overhead operations.
“This is a vital step in the direction of securing Condor’s future,” the airline stated in an announcement.
Price lower targets thought of vital for a sale have been reached, the particular person near the matter stated.
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