Deutsche Lufthansa AG, Thomas Cook Group Plc and TUI AG may fail in their negotiations to merge three charter and discount carriers, Financial Times Deutschland reported, citing unidentified people close to the negotiations.
It's possible that only a combination between Thomas Cook's Condor and either TUI's TUIfly or Lufthansa's Germanwings will result from the talks, FTD said. The chances of the three-way merger are less than 50 percent, it said.
Cologne-based Lufthansa, Europe's second-largest airline, said Aug. 28 that it was in talks with the travel companies about merging the three carriers. Air Berlin Plc pulled out of an agreement to buy the Condor charter service in July.
Frank Puettmann, a spokesman for Lufthansa, declined to comment today on the status of the talks with TUI and Thomas Cook.
It's possible that only a combination between Thomas Cook's Condor and either TUI's TUIfly or Lufthansa's Germanwings will result from the talks, FTD said. The chances of the three-way merger are less than 50 percent, it said.
Cologne-based Lufthansa, Europe's second-largest airline, said Aug. 28 that it was in talks with the travel companies about merging the three carriers. Air Berlin Plc pulled out of an agreement to buy the Condor charter service in July.
Frank Puettmann, a spokesman for Lufthansa, declined to comment today on the status of the talks with TUI and Thomas Cook.