Thomas Cook AG (former)

Thomas Cook AG (former)

Thomas Cook AG was the parent company of Thomas Cook UK Limited, Condor Airlines and other such subsidiaries until 12 February 2007 when Thomas Cook AG announced that it had merged with MyTravel Group PLC. The new combined company was named Thomas Cook Group plc.

It was originally incorporated on November 1, 1997 as "C&N Touristic AG" but the name was changed following the 2002 acquisition of Thomas Cook. The Group was jointly owned by Lufthansa and Karstadt, However Karstadt took control of the company two days before Christmas 2006 by buying the half-share owned by Lufthansa, the German airline. Karstadt paid €800m (£540m), though Lufthansa will for at least the next two years retain a stake in Condor Airlines, Thomas Cook's in-house airline in Germany.