All Condor articles – Page 2
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NewsCondor secures approval for revised German aid package
German state financial support to Condor has been re-approved by the European Commission after the figure was revised in the aftermath of a court ruling on the way the aid was calculated. The Commission says it has approved two measures – comprising €204 million in damage compensation and €321 million ...
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NewsReasons for Condor state-aid decision must be clarified: European court
European judges have overruled the approval of state aid to the German leisure airline Condor, but are setting aside the effect of their decision to grant time for a rethink by the European Commission. As the pandemic set in during April 2020, the Commission cleared Condor to receive a €550 ...
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NewsCondor set for fleet renewal after equity fund Attestor acquires majority stake
Asset manager Attestor is to acquire a 51% stake in German leisure carrier Condor, investing €200 million ($244 million) in equity capital and providing a further €250 million to modernise the carrier’s long-haul fleet. The move secures fresh financial footing for the carrier after a period in which it has ...
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NewsCondor files complaint after Lufthansa ends feeder deal
German leisure carrier Condor has complained to federal competition authority Bundeskartellamt about Lufthansa Group’s decision to terminate a feeder flight agreement.
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NewsCondor emerges from ‘protective shield’
Condor has confirmed its exit from ‘protective shield’ proceedings implemented to establish the former Thomas Cook subsidiary as a standalone company. The German leisure carrier was placed under a first protective shield, which involved a €380 million ($455 million) bridging loan from the national government, following Thomas Cook’s collapse in ...
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NewsCondor to exit ‘protective shield’ in November
Condor has disclosed that its creditors have approved a plan for it to leave ‘protective shield’ proceedings at the end of November as a “healthy company”.
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NewsPilots’ dual-control obstructed A320’s collision-avoidance manoeuvres
Dual-control inputs from a Condor Airbus A320’s pilots badly obstructed its response to collision-avoidance orders during a low-altitude conflict, investigators have determined. The incident culminated in a serious air-proximity encounter and a terrain alert, shortly after departure from Kavala airport in Greece on 16 August 2018. After the aircraft (D-AICD) ...
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NewsCondor secures future as €550 million German state loan granted
European Commission regulators have approved a €550 million ($595 million) loan from the German state to help struggling leisure carrier Condor through the coronavirus crisis.
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NewsCondor looking at options after PGL pulls out of acquisition
German leisure carrier Condor is looking at different optons for its future ownership as talks continue with LOT’s parent Polish Aviation Group (PGL) on conditions attached to it withdrawing from its proposed acquisition of the airline.
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NewsCondor acquisition ‘distorts competition’: Lufthansa
Lufthansa has sharply criticised the planned acquisition of German leisure airline Condor by Polska Grupa Lotnicza, the parent of Polish flag carrier LOT, labelling it an example of “dubious” state intervention that “distorts competition”.
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NewsCondor tie-up with LOT cleared by German authorities
German competition regulator Bundeskartellamt has cleared Polish firm Polska Grupa Lotnicza’s acquisition of leisure carrier Condor. The regulator has determined that there is “no relevant overlap” between the activities of Condor – formerly part of Thomas Cook Group – and Polish flag-carrier LOT, a subsidiary of PGL. Bundeskartellamt president Andreas ...
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PodcastAirline Business Podcast – airlines grapple with coronavirus impact
Join executive editor Graham Dunn and managing editor Lewis Harper as they discuss a tough start to the year for airlines
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Airline BusinessWhat does LOT’s purchase of Condor mean for Europe’s airline market?
The conventional wisdom in the European airline industry tends to be that inevitable consolidation will be based around growth of the five biggest groups: Air France-KLM, EasyJet, IAG, Lufthansa Group and Ryanair.
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NewsLOT parent to start Condor 767 replacement by 2024
Condor’s new Polish owner intends to replace the 16 ageing Boeing 767s operated by the airline with a larger fleet of long-haul aircraft.
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NewsLOT Polish Airlines parent agrees to buy Condor
The owner of LOT Polish Airlines has agreed to purchase former Thomas Cook Group subsidiary Condor
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NewsCondor restores bird logo as it separates from Thomas Cook
German leisure carrier Condor has reverted to a previous corporate logo for its fleet, distancing the airline from its collapsed former parent Thomas Cook Group.
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Airline BusinessAirlines still feeling heat in European leisure market
The collapse of Thomas Cook, XL Airways France and Aigle Azur in the space of a month marks a further reminder of the pressures faced by European carriers operating in the leisure market.
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News
Thomas Cook executives grilled over UK airline sale
Former Thomas Cook Group chief executive Peter Fankhauser has told a UK cross-party parliamentary select committee that interest in the tour operator's UK carrier waned as the European air transport industry came under financial pressure.
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News
Condor prepares to reshape as it secures bridge funding
German carrier Condor is preparing restructuring initiatives as it emerges from the collapsed Thomas Cook Group, having been cleared by European regulators to receive a bridge loan to support its development.
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News
German and Polish tour operators fall after Cook failure
Several Thomas Cook Group companies in Germany have newly filed for insolvency following the collapse of the main UK company on 23 September.
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