Condo does not have the nbecessary cpacities to take over the LTU market. Plus, LTU has been reducing it's leading position in the longhaul market ex DUS a couple of years ago, so even if they died, the available passengers would be scattered all over Germany. That'd make it kind of hard for another airline to take over their paxes.
The potential ex DUS would require a carrier that has more experience in DUS than YP does, so I guess that taking over LT's market is a bad plan for YP. However, we are already seeing a recovery in bookings from the Sep 11th attacks, so it would make sense to look at the longhaul market that does not offer passengers as many IATA connections any more (plus fares have risen or cancelled). They might be able to expand into that. Frankly I would be happy to see that happen, but I am not sure whether YP can really do it. I would also doubt that the 332 is a good choice, because in case LTU dies, there would be a shortage on maintenance facilities for 330s in the area. However, YP has been exchanging aircraft for the summer/winter seasons with canadian carriers, so it might make sense to (sub)lease 332s from say TS for the summer season.
We do have an opening market, so it might work, although I would think that it might be better for YP to look at other longhaul equipment such as the MD 11 (which has the disadvantage of not being built anymore) or 763 or 764 (which would in my opinion make most sense as they are very flexible). But I guess that YP's management has a preference for Airbus. That's after all a European disease. I just think that the 332 is too big for YP and that they need something in the 767.