On Tuesday 27 July, the European Commission approved German aid for the airline Condor.
The approval of the aid package, based on three separate Commission decisions, concerns two measures to compensate Condor for the damage suffered as a result of the Covid-19 pandemic with a total value of €204.1 million and €321.2 million in restructuring support to enable Condor to return to viability.
Condor is a charter airline which provides air transport services to individual customers and tour operators from its hubs in Germany. Following the annulment by the General Court of the EU of a Commission decision of 26 April 2020, which had approved damage compensation in favour of Condor for the period from 17 March to 31 December 2020, the Commission adopted a new decision based on an ex post analysis of the actual damages incurred (‘Condor I’) and taking into account the judgment by the General Court.
The Commission is therefore approving loans of €144.1 million as damage compensation for the period between 17 March and 31 December 2020. It also validated an additional compensation for damages in the amount of €60 million for the period from 1 January to 31 May 2021 (‘Condor II’). The Commission supported the restructuring aid. (Original version in French by Lionel Changeur)