Lauda to Bid for Part of Air Berlin with Thomas Cook's Condor

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Former motor racing driver Niki Lauda will table an offer for parts of insolvent airline Air Berlin together with Thomas Cook’s German carrier Condor, Lauda told Austrian newspaper Kurier on Wednesday. Lauda holds 51 percent of the consortium which will bid for 21 Airbus A320 and A321 planes of Air Berlin’s subsidiary Niki - formerly owned by Lauda - as well as 17 additional aircraft flying under the Air Berlin banner, according to Kurier’s online edition. The consortium plans to service short and medium haul flights to tourism hot spots, making use of Condor’s expertise in that sector, Reuters reported. “As we have said previously, Thomas Cook and its leisure airline Condor stand ready to play an active role in the restructuring of Air Berlin and its subsidiary Niki. Clearly, we will explore all options,” said a Thomas Cook spokesman. A spokeswoman for Lauda confirmed the Kurier report. Read more.