Germany to grant rescue liquidity for carrier Condor -sources

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Germany to grant rescue liquidity for carrier...
 © In-Cyprus 2020
Germany has agreed in principle to support struggling carrier Condor with emergency liquidity after the owner of Poland’s national airline LOT pulled out of a deal to buy the airline, two people close to the matter said on Monday.

Condor is a former unit of Thomas Cook, the holiday company that collapsed in September. With planes unable to fly because of travel restrictions, the airline had grounded its fleet and called for state aid.

A 380 million euro ($413.82 million) state bridging loan, that allowed the carrier to be rescued last year, is de facto being...


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This article was automatically added to our system 20-4-2020

Germany to grant rescue liquidity for carrier Condor -sources


The contents of this article including any associated images are © In-Cyprus 2020
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Article Tags: germany, grant, rescue, liquidity, carrier, condor, sources,