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Image header Agence Europe
Europe Daily Bulletin No. 12348
Contents Publication in full By article 25 / 34
ECONOMY - FINANCE - BUSINESS / State aid

Commission authorises €380 million German rescue aid for Condor

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...

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