Summary
Plans by German carrier Air Berlin to buy a majority stake in Thomas Cook's charter airline Condor have been scrapped due to soaring jet fuel costs.
Air Berlin had agreed to buy a 75.1 per cent stake in Condor in a pounds 480 million deal, which would have seen Thomas Cook take a near-30 per cent stake in the German firm.See the full content of this document
Extract
Charter Airline Deal Out of Fuel ; Aviation
The parties blamed "significantly cha...
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