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Apply for travel industry jobs or place your own recruitment briefs.Former Cook carrier Condor set for further German state support
20 Apr 2020by James Chapple
Condor Web.jpg
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.
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