The German government is set to tide former Thomas Cook Group carrier Condor over with more emergency funding after the owner of Poland’s national airline Lot pulled out of a deal to acquire Condor.
Reuters reports Condor’s €380 million German government bridging loan, agreed following Cook’s collapse last year to make time to help Condor find a buyer, will be extended by a further €200 million.
Condor, Reuters, reports confirmed on Monday (20 April) talks with the government were ongoing. Germany’s economic ministry declined to comment.