Preussag hopes to use the addition of Thomson's aircraft to negotiate cheaper fuel, for instance.
ECONOMIST: Tour operators
Like many before it, Preussag would rather overpay than be leapfrogged by an arch-rival.
ECONOMIST: Tour operators: A place in the sun | The
Preussag hopes to finance the deal, in part, by floating half of its Hapag-Lloyd logistics arm on the stockmarket.
When he took over at Preussag in 1994, it was best known for its stodgy mining and engineering interests.
Mr Frenzel says that Preussag will concentrate on Thomson for now, but still has gaps in Europe to fill, such as France.
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