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UPDATE 1-Niki Lauda's new airline to cooperate with Lufthansa

Fri, 23rd Mar 2018 10:30

* Lufthansa had tried to buy the struggling carrier

* Deal with Laudamotion runs until end of May

* Further cooperation to be evaluated(Adds detail, competition authority, background)

VIENNA, March 23 (Reuters) - Austria's Laudamotion willprovide up to eight crewed aircraft to Lufthansa'slow-cost carrier Eurowings until the end of May, Niki Lauda'srepurchased and rebranded carrier said on Friday.

Lufthansa had planned to grow Eurowings by buying failed AirBerlin's Niki unit itself but scrapped the purchase after theEuropean Commission indicated it would veto the deal.

Niki was instead bought by its founder Lauda, who beat rivaloffers from British Airways-owner IAG and Irishlow-cost giant Ryanair.

The three-times Formula One world champion then sold 75percent of the carrier to Ryanair before the first planes tookoff again.

But Lauda, who also secured a cooperation deal with ThomasCook's Condor, is still under time pressure to fill hisplanes for the summer, so he is keen to benefit from Lufthansa'ssales and marketing channels.

The German flagship carrier, on the other hand, can putLaudamotion's capacity to good use.

The basic agreement between Lauda and Lufthansa covers alittle more than two months, not the whole summer season thatruns to October.

"Laudamotion and Eurowings will evaluate a possiblecooperation beyond that date in the coming weeks," Laudamotionsaid in a statement.

Eurowings did not immediately comment. Austria's competitionauthority said it would give its view on the deal after theEaster holidays, which run to the start of April.(Reporting by Kirsti KnolleEditing by David Goodman and Edmund Blair)

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30 Sep 2019 09:43

Some Thomas Cook customers will wait 60 days for refunds - CAA

(Sharecast News) - Some Thomas Cook customers may have to wait for at least two months to receive a refund after the travel firm collapsed last week, the Civil Aviation Authority (CAA) said on Monday.

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24 Sep 2019 20:07

Germany to offer 380 mln euro bridging loan to Condor

BERLIN, Sept 24 (Reuters) - Germany has decided to guarantee a bridging loan of 380 million euros to Condor, the German airline owned by insolvent British travel operator Thomas Cook, Economy Minister Peter Altmaier said on Tuesday."Condor is a pr...

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24 Sep 2019 18:38

RPT-German govt, Hesse line up bridge loan of nearly 400 mln euros for Condor - sources

BERLIN, Sept 24 (Reuters) - The German government and state of Hesse want to jointly support Condor, the German airline owned by insolvent British travel operator Thomas Cook, with a bridging loan of almost 400 million euros, government sources t...

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24 Sep 2019 14:27

Thomas Cook collapse affects 53,000 British nationals in Spain - tourism minister

MADRID, Sept 24 (Reuters) - The collapse of British travel firm Thomas Cook has affected 53,000 Britons in Spain, Spanish Acting Tourism Minister Reyes Maroto told reporters on Tuesday.The ministry has been in touch with German and Swedish author...

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24 Sep 2019 12:18

UK accounting regulator mulls examining Thomas Cook failure

LONDON, Sept 24 (Reuters) - Britain's Financial Reporting Council said on Tuesday it was considering investigating the collapse of travel company Thomas Cook."In light of recent developments at Thomas Cook, we are considering whether there is any ...

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24 Sep 2019 10:09

UPDATE 1-Windfall for investors that bet on Thomas Cook collapse

(Adding details throughout)LONDON, Sept 24 (Reuters) - A panel of bankers has ruled that some investors in Thomas Cook's credit derivatives worth as much as $2.7 billion are eligible for a payout following the world's oldest tour operator's collap...

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24 Sep 2019 09:33

Berlin to decide on loan for Thomas Cook's Condor within next days - Minister

BERLIN, Sept 24 (Reuters) - The German government will decide within the next coming days on whether to offer financial support to Condor, the German airline owned by insolvent British travel operator Thomas Cook, German Economy Minister Peter Al...

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24 Sep 2019 09:21

Investors that bet on Thomas Cook collapse will get paid out - panel

LONDON, Sept 24 (Reuters) - A panel of bankers has ruled that some investors in Thomas Cook's credit derivatives worth as much as $2.7 billion are eligible for a payout following the world's oldest tour operator's collapse on Monday, according to...

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24 Sep 2019 08:23

UK says bailing out Thomas Cook would have thrown "good money after bad"

LONDON, Sept 24 (Reuters) - The British government decided there was no point bailing out Thomas Cook as it would have been a waste of taxpayers' money to throw good money into a business that was not meeting the needs of its customers, the busine...

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24 Sep 2019 06:59

UPDATE 2-After Thomas Cook collapse, UK PM asks why bosses got paid millions

* Johnson questions bosses' pay ahead of collapses* Johnson says taxpayer has had to foot the bill* British state decided not to bail out Thomas Cook* UK plans to fly 135,300 people back, 16,500 people today (Recasts with Johnson)By Kylie MacLellan ...

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24 Sep 2019 06:59

UPDATE 3-After Thomas Cook collapse, UK PM asks why bosses got paid millions

* Johnson questions bosses' pay ahead of collapse* Johnson says taxpayer has had to foot the bill* British state decided not to bail out Thomas Cook* UK plans to fly 135,300 people back, 16,500 people today (Adds business secretary, customer comment...

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24 Sep 2019 06:59

UPDATE 1-UK plans to fly 135,300 people back after Thomas Cook collapse

(Adds details)LONDON, Sept 24 (Reuters) - Emergency flights brought 14,700 people back to the United Kingdom on Monday after the collapse of travel firm Thomas Cook, and around 135,300 more are expected to be returned over the next 13 days, Britai...

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24 Sep 2019 06:45

Thomas Cook Airline In Nordic Region To Resume Flights

Thomas Cook Airline In Nordic Region To Resume Flights

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24 Sep 2019 06:38

Thousands Of Thomas Cook Customers Flown Home Amid Anger Over Bonuses

Thousands Of Thomas Cook Customers Flown Home Amid Anger Over Bonuses

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23 Sep 2019 20:49

Thomas Cook's Nordic unit to carry on after parent company's collapse

OSLO, Sept 23 (Reuters) - Thomas Cook's Nordic business, the Ving group, will continue operations as normal from Tuesday despite the collapse of the parent company on Monday, it said.Hundreds of thousands of holidaymakers were stranded by the col...

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