On Monday 14 October, the European Commission authorised Germany's plan to grant a temporary loan of €380 million to the charter airline Condor.
Germany has notified the Commission of its intention to grant Condor a rescue loan of €380 million through the German public development bank KfW. This airline is experiencing a severe liquidity shortage after the liquidation of its parent company, the Thomas Cook Group. In addition, Condor has had to waive significant receivables, which it...