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EUR 500m aid to Condor Airlines by the Federal government and from Hesse

The European Commission's green light to State aid arrived today with "rapid procedure"

Following to the financial difficulties of the parent company, Thomas Cook Group, the German leisure airline based in Frankfurt am Main, Condor Airlines, had asked the Berlin's Government a bridging loan, which was granted last Friday to it in the sum of 380 millions of Euros 100% guaranteed by the German federal government, according to the local Ministry of Economy. A breath of fresh air that "offers...

red - 1229306
Berlin, Germany, 04/27/2020 14:31
AVIONEWS - World Aeronautical Press Agency

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