CAPA: Condor may be priority for fleet renewal for Thomas Cook Group

CAPA - Centre for Aviation, in a report entitled: 'Condor Flugdienst: Thomas Cook Group's German airline raises profile with airberlin's demise', stated (25-Nov-2017) Condor's fleet of 42 aircraft is older than the Thomas Cook Group average. According to the CAPA Fleet Database, Condor's fleet of 42 aircraft consists of 16 A320 family aircraft, 10 Boeing 757s and 16 767s. This represents almost half of the total Thomas Cook Group fleet of 88 aircraft. Condor's average fleet age is 17.7 years at 20-Nov-2017, with the 767s averaging 22.3 years. Thomas Cook Group's total fleet has a younger average age of 13.8 years, suggesting that Condor may be a priority for fleet renewal. There are no aircraft on order, but the majority of the Condor fleet, 37 out of 42 aircraft, is leased. [more - CAPA Analysis]