TDN with wire dispacthes
Merger talks between German charter airline Condor and TUIfly as well as budget Lufthansa unit Germanwings have stalled, sources close to the situation told Reuters on Monday.
A source close to the matter said a merger of Lufthansa's Germanwings and Condor was a possible alternative to the three-way merger.
�The culture would match, and it would make sense,� the source said.
TUI, TUIfly, Lufthansa and Germanwings all declined to comment.
Condor joined merger talks last month after Air Berlin dropped plans to buy it, in part due to rising kerosene prices.
Key points of conflict in the talks were working conditions for TUIfly pilots, the stakeholder structure, the locations for the planned charter airline as well as its branding, the sources said.
Lufthansa owns around a quarter of Condor, with the rest owned by British-German travel operator Thomas Cook.
TUIfly belongs to tourism and shipping business TUI.
Sale decision for Swiss firm
Meanwhile, General Dynamics says it is buying Jet Aviation for about $2.25 billion cash to expand its business-aviation services, reported Associated Press.
Jet Aviation, based in Switzerland, provides maintenance, repair and overhaul services from 25 airport facilities in Europe, the Middle East, and North and South America. Its management will remain in place.
The seller is Dreamliner Lux S.a.r.l., a company controlled by the Permira Funds. Both companies' board have approved the transaction, which is expected to close by year-end.