|End-of-day quote - 09/23|
Thomas Cook : Owner of Poland's LOT airline buys Thomas Cook unit Condor
|01/24/2020 | 05:26am|
The acquisition by LOT owner PGL, or
The German government granted Condor a
Condor and its prospective Polish owner said Friday that “PGL’s investment will allow Condor to fully repay the loan.”
Condor, which has been profitable, has nearly 60 planes and 4,900 employees. Condor CEO
The airline will continue to operate under its existing leadership and with its own brand, the companies said. They added that the airlines will benefit from “operational synergies.”
Together, the two will carry about 20 million passengers per year.
Over recent months, “maybe there was uncertainty about Condor's future," PGL and LOT Chief Executive
"I would like to say very firmly today: there is no more uncertainty. Condor will not only survive, but it will grow very dynamically."
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