Thomas Cook’s Condor, Lufthansa eye Air Berlin planes
BERLIN/FRANKFURT (Reuters) – Thomas Cook’s German leisure airline Condor and Lufthansa are interested in taking on a number of planes from insolvent Air Berlin, sources familiar with the negotiations said on Thursday.
Air Berlin, Germany’s second-largest carrier, filed for insolvency last week after major shareholder Etihad pulled the plug on funding.
The race is on for interested parties to agree on a deal for parts of its business, including planes and crew, which would bring access to takeoff and landing slots at airports such as Duesseldorf, Berlin Tegel, Munich and Hamburg.
Condor is “in the process of preparing a concrete offer,” one source said, adding that Condor was interested in mainly short-haul routes and also some long-haul ones.
Lufthansa, which was first to talk with Air Berlin, on Wednesday said it had presented a term sheet to the insolvent carrier, setting out its interest in taking over parts of the Air Berlin group.
The German flagship carrier’s proposal for the carve-up of Air Berlin would see it taking over the insolvent carrier’s leisure airline unit, Niki, and other planes for a sum in the low hundreds of millions of euros, another source said.
Those aircraft, up to 90, would include 38 crewed planes Lufthansa already leases from Air Berlin.
The source further said a likely deal could be 80 planes for Lufthansa, 24 for Condor and 40 for easyJet.
Air Berlin’s planes are currently being kept in the air thanks to a €150 million government loan. But if the money runs out and Air Berlin is grounded, the airport slots go into a pool where they will be divided up among airlines.
Thomas Cook repeated an earlier statement that it stood ready to play an “active role.”
Ryanair has said it would be interested in a bid for the whole of Air Berlin, as has German aviation investor Hans Rudolf Woehrl, who said he had been invited to talks with Air Berlin next week.
Meanwhile, Lufthansa’s budget unit, Eurowings, seemed to be making an early attempt to attract any Air Berlin staff keen to find a new job while negotiations are still ongoing.
Eurowings on Wednesday announced a recruitment drive, saying it was seeking about 200 pilots and 400 cabin crew qualified to fly and staff A320 planes. It did not specifically mention Air Berlin in the announcement on its website.