Thomas Cook merges airlines

 
City A.M. Reporter
THOMAS Cook plans to merge its German, British and Belgian airline operations, appointing a new airline management board to run the business.

The world’s oldest travel group yesterday said that Condor, its German airline brand, Thomas Cook Airlines UK and Thomas Cook Airlines Belgium would become one airline segment within the group from 1 March.

The move is part of a turnaround plan, the effects of which began to kick-in late last year. The company, which was thrown a lifeline by lenders last May, has since seen a steady improvement in its finances and a pick-up in demand.

Christoph Debus, group head of air travel and Condor boss Ralf Teckentrup will chair the board.