I am absolutely sure that COndor will survive. Yes, they might be in a bad situation but the base of their business model is rather strong.And the brand has a very good reputation in germany,So as soon as the people know that the airline is fainancially stable they will continue booking with them.
In case the airline will be sold i am sure that it will not go to LH.Even if LH is bidding, the EU will most likely not allow it. LH is already very strong in Europe and especially in germany. On the german leisure market there are EW,DE,4U, XG and X3. EW and 4U belong already to LH, XG is 50% LH. SO if DE would go to LH as well ,there would be almost no competition anymore.
I don’t think it would go to Lufthansa in it’s current state. But, I believe with full certainty that Lufthansa is very interested in obtaining the brand. TUI can have the planes/staff/slots/etc. But, Lufthansa most certainly wants the name. Anything is possible. It’s just the means to achieve it that are constantly in flux.
And, this would be a great solution to the problem. Lufthansa doesn’t “literally” gain an unfair advantage as there would be no physical assets being transferred over, just the name. TUI would gain the extra seats (aircraft) creating more competition. Not to mention, TUI would most certainly (as others have said above) abolish the Condor branding & name if they got it. So why not sell the name to Lufthansa if they’re willing to pay for it? In my opinion it is a win-win. TUI gets bigger, and Lufthansa essentially creates a new leisure-focused subsidiary out of the Condor name using Lufthansa aircraft.