condor
The major German holiday airlines Eurowings and Condor consider the economic consequences of the insolvency of tour operator FTI to be manageable. They are currently awaiting decisions from the insolvency administrator, said a spokesman for the Lufthansa subsidiary Eurowings in Cologne on Wednesday. The tour operator filed an application for the opening of insolvency proceedings on Monday. Seats that had been reserved for FTI could not be marketed again before then. Neither airline gave any figures on the seats blocked by FTI. It was rumoured that number of seats booked by FTI at both companie...
DPA International
The major German holiday airlines Eurowings and Condor consider the economic consequences of the insolvency of tour operator FTI to be manageable. They are currently awaiting decisions from the insolvency administrator, said a spokesman for the Lufthansa subsidiary Eurowings in Cologne on Wednesday. The tour operator filed an application for the opening of insolvency proceedings on Monday. Seats that had been reserved for FTI could not be marketed again before then. Neither airline gave any figures on the seats blocked by FTI. It was rumoured that number of seats booked by FTI at both companie...
DPA
The major German holiday airlines Eurowings and Condor consider the economic consequences of the insolvency of tour operator FTI to be manageable. They are currently awaiting decisions from the insolvency administrator, said a spokesman for the Lufthansa subsidiary Eurowings in Cologne on Wednesday. The tour operator filed an application for the opening of insolvency proceedings on Monday. Seats that had been reserved for FTI could not be marketed again before then. Neither airline gave any figures on the seats blocked by FTI. It was rumoured that number of seats booked by FTI at both companie...
DPA Breaking News
An EU court on Wednesday overturned the European Commission's approval of millions of euros in bailout money for the German airline Condor. "The commission should not have approved the restructuring aid at issue without initiating a formal investigation procedure," a press release from the European Union's General Court said. Germany got a green light from the commission in 2021 to give Condor €321 million ($345 million) for restructuring after parent company Thomas Cook went bankrupt. EU state aid rules require such bailouts to be approved by the commission. But rival budget airline Ryanair o...
DPA Breaking News
An EU court on Wednesday overturned the European Commission's approval of millions of euros in bailout money for the German airline Condor. "The commission should not have approved the restructuring aid at issue without initiating a formal investigation procedure," a press release from the European Union's General Court said. Germany got a green light from the commission in 2021 to give Condor €321 million ($345 million) for restructuring after parent company Thomas Cook went bankrupt. EU state aid rules require such bailouts to be approved by the commission. But rival budget airline Ryanair o...
DPA
An EU court on Wednesday overturned the European Commission's approval of millions of euros in bailout money for the German airline Condor. "The commission should not have approved the restructuring aid at issue without initiating a formal investigation procedure," a press release from the European Union's General Court said. Germany got a green light from the commission in 2021 to give Condor €321 million ($345 million) for restructuring after parent company Thomas Cook went bankrupt. EU state aid rules require such bailouts to be approved by the commission. But rival budget airline Ryanair o...
DPA International
The EU General Court decision to annul the European Commission's approval of a German government bailout of the airline Condor "has no impact on Condor's business situation and flight operations," a spokeswoman for the company told dpa. Condor is currently modernizing its fleet with the help, as of 2021, of the financial investor and majority shareholder Attestor. The repayment of the state aid is proceeding according to plan, the spokeswoman said, without going into details. According to earlier statements, the complete takeover by Attestor should take place by 2026 at the latest.
DPA International
The EU General Court decision to annul the European Commission's approval of a German government bailout of the airline Condor "has no impact on Condor's business situation and flight operations," a spokeswoman for the company told dpa. Condor is currently modernizing its fleet with the help, as of 2021, of the financial investor and majority shareholder Attestor. The repayment of the state aid is proceeding according to plan, the spokeswoman said, without going into details. According to earlier statements, the complete takeover by Attestor should take place by 2026 at the latest.
DPA
The EU General Court decision to annul the European Commission's approval of a German government bailout of the airline Condor "has no impact on Condor's business situation and flight operations," a spokeswoman for the company told dpa. Condor is currently modernizing its fleet with the help, as of 2021, of the financial investor and majority shareholder Attestor. The repayment of the state aid is proceeding according to plan, the spokeswoman said, without going into details. According to earlier statements, the complete takeover by Attestor should take place by 2026 at the latest.
DPA Breaking News
An EU court on Wednesday overturned the European Commission's approval of millions of euros in bailout money for the German airline Condor. "The commission should not have approved the restructuring aid at issue without initiating a formal investigation procedure," a press release from the European Union's General Court said. Germany got a green light from the commission in 2021 to give Condor €321 million ($345 million) for restructuring after parent company Thomas Cook went bankrupt. EU state aid rules require such bailouts to be approved by the commission. But rival budget airline Ryanair o...
DPA Breaking News
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