German Holiday Companies Condor and TUIfly Mull Merger

There are reportedly plans for the formation of a joint venture between Condor and TUI fly Deutschland, according to local outlet Boersenzeitung, citing sources with knowledge of the matter. According to the report, the driving force for the merger of the two state-supported carriers comes from local and national politicians. Condor is currently flying under a protective shield of the federal government. Having experienced severe turbulence due to the insolvency of its parent company Thomas Cook, the German holiday airline initially…