European airline giant Lufthansa said Tuesday it had offered to buy carrier Condor from British parent company Thomas Cook, opening a new chapter in its fast-paced growth through buyouts.
"We have made a non-binding offer for Condor, with the option of extending it to all Thomas Cook airlines," a spokesperson told AFP.
Tuesday was the deadline set by Thomas Cook for possible buyers to declare their interest in Germany-based Condor and Thomas Cook Airlines, which flies from the UK and Scandinavian countries.
The group announced a possible sale in whole or in part in February as part of a "strategic review".
Struggling with financial woes, the tourism group hopes to use income from a selloff to fund new investments in its hotels and in digitisation.
The carriers boast 103 planes and carried 20 million passengers in 2018, delivering an operating profit of 129 million pounds (USD 169 million, 151 million euros) even as the
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