|End-of-day quote - 09/23|
Thomas Cook : LOT owner drops takeover of German carrier Condor
|04/13/2020 | 03:08pm|
The collapse of the deal leaves Condor, which has been profitable, and its 4,900 workers looking for a new way forward as the virus outbreak sharply reduces passenger traffic.
Condor said that the company was “prepared for this scenario” and faced different options for future ownership, including carrying the business forward under a trusteeship. The airline has also applied for state help.
The German government granted Condor a bridge loan to keep it going through the winter and give it time to find a new investor after British owner
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