EU OKs $419M German Loan for Thomas Cook Airline Condor

The New York Times 1 month ago

BERLIN — The German government says the European Union has approved its decision to grant airline Condor, a subsidiary of collapsed tour operator Thomas Cook, a 380 million-euro ($419 million) bridging loan to keep it in the air.

The Economy Ministry said the EU's executive Commission gave its blessing on Monday. Condor applied for the loan last month to tide it through the winter after British-based Thomas Cook ceased operations.

The airline, which has been profitable, has nearly 60 planes and 4,900 employees. Condor's management is looking for new investors.


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ABC News › Finance › 1 month ago
The German government says the European Union has approved its decision to grant airline Condor, a subsidiary of collapsed tour operator Thomas Cook, a 380 million-euro ($419 million) bridging loan to keep it in the air
Washington Times › Traveling › 1 month ago
The German government says the European Union has approved its decision to grant airline Condor, a subsidiary of collapsed tour operator Thomas Cook, a 380 million-euro ($419 million) bridging loan to keep it in the air.
The Guardian › Finance › 2 months ago
Frankfurt-based airline Condor offered bridging loan after collapse of parent company Condor will continue to take to the skies after the German state shielded the airline from the demise of its parent company Thomas Cook with a €380m bridging loan...
Reuters › Finance › 2 months ago
Thomas Cook's German holiday airline Condor has asked the German government for a bridging loan, the company said on Monday, adding that it would continue its flight operation despite its parent company's insolvency.
Reuters › 2 months ago
The German government and state of Hesse want to jointly support Condor, the German airline owned by insolvent British travel operator Thomas Cook, with a bridging loan of almost 400 million euros ($439.92 million), government sources told Reuters on...
Reuters › 2 months ago
The German government will decide within the next coming days on whether to offer financial support to Condor, the German airline owned by insolvent British travel operator Thomas Cook , German Economy Minister Peter Altmaier said on Tuesday.
Reuters › Finance › 2 months ago
Germany's state of Hesse, where collapsed travel group Thomas Cook's <TCG.L> German airline Condor is located, said it is ready to help the airline's application for a federal government bridging loan.
Reuters › Finance › 2 months ago
Flights by collapsed tour operator Thomas Cook's German subsidiary Condor were operating as normal and there is no need for a major repatriation mission, a spokesman for the German Aviation Association (BDL) said on Monday.
Reuters › Finance › 2 months ago
Germany's Condor, which is owned by British travel operator Thomas Cook, said on Thursday that a Frankfurt court had begun investor protection proceedings that should allow the airline to be restructured.
Reuters › Finance › 2 months ago
Condor, the German airline subsidiary of collapsed travel company Thomas Cook said on Monday there were 240,000 people booked on its flights awaiting a return home.
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