Government Asked To Come To Aid Of 65-Year-Old Airline
Media reports have it asking for government assistance to keep flying. Condor’s planes had been maintained by the Group Maintenance Organisation (GMO) of the Thomas Cook Group Airline.
Founded in 1955, Condor takes eight million passengers a year to more than 100 leisure destinations: the Mediterranean, Asia, Africa, North America, South America, and the Caribbean.
The airline released this statement:
“Condor flights will continue its flight operations despite the fact that its parent company Thomas Cook Group plc has filed for insolvency. Thomas Cook Group plc, the previous parent company, had to file for insolvency on 23 September 2019. Despite intensive efforts, the Group was unable to obtain refinancing from Fosun, banks and creditors. Condor continues to operate as a German company. In order to prevent liquidity constraints Condor has applied for a state-guaranteed bridging loan, which is currently under review by the Federal Government.
“Germany’s most popular leisure airline has been profitable for many years and brings over eight million guests annually to over 100 destinations worldwide.
‘ “Condor has specialized in holiday flights for over 60 years and is the first airline of choice for many leisure travelers. The reason for this, besides a large destination network, is an excellent product at an attractive price and an outstanding sales network throughout the travel and tourism industry,” said Ralf Teckentrup, CEO of Condor. “We will continue to concentrate on what we do best: flying our customers to their holidays safely and on time.” ‘
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