BERLIN (Reuters) - Collapsed German airline Air Berlin said on Wednesday it had sold its subsidiary Air Berlin Aviation GmbH to Thomas Cook Group Airlines PLC TCG.L, continuing the carve-up of its business.
Thomas Cook said the acquisition would give its airline Condor further options for growth, consistent with its plans to grow capacity in the German market to meet increased demand experienced in recent months.
Neither company said how much Thomas Cook was paying, but a person familiar with the deal said the purchase price was a medium single-digit million euro amount.
Reporting by Klaus Lauer; Writing by Maria Sheahan; Editing by Douglas Busvine
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