Register now! Forgot password?

xxx

Thomas Cook Condor

Thomas Cook looking for a strategic investor for successful Condor

Thomas Cook Condor

 

The tourism group Thomas Cook is looking for a strategic investor for its airlines. This includes the German subsidiary Condor headquartered in Frankfurt. The Thomas Cook Airline Group manager, Christoph Debus, yesterday stated to the German Press Agency that the 4,000 Condor employees didn't need to worry. "The Thomas Cook Airline Group has made a profit every year and proven even in the difficult year of 2018 that their business model works." The manager explained, looking back at an operating profit of 129 million British pounds (147 million euros) in the past business year. That's a good foundation. "A strategic investor would help to better develop the business", said Debus.

 

 (career.aero, dpa)

Feb 8, 2019

Similar aviation news

  • Condor Aircraft Long-haul

    LOT plans new aircraft for Condor long haul

    (Jan 27, 2020) The new Condor investor PGL with its airline LOT wants to renew the long-haul fleet of the German subsidiary as soon as possible after the takeover. "The long-haul aircraft must be replaced ...

    Read on

  • Condor LOT

    Polish Aviation takes over Condor

    (Jan 24, 2020) The Polish Aviation Group (PGL) is a new strategic investor of the airline Condor and will lead the airline safely out of the protective umbrella process, the company announced today. PGL is also the ...

    Read on

  • Flöther Condor

    Flöther: Condor restructuring has a chance of succeeding

    (Dec 3, 2019) The district court of Frankfurt has opened the main proceedings for the future of Condor. Lucas Flöther, the administrator appointed by the court, confirmed in an appraisal that the intended ...

    Read on

  • Condor Rescue

    Hot time for rescuing Condor begins

    (Nov 27, 2019)   The workload for managers and employees at the Condor holiday plane has increased significantly. "In the last few weeks we have made more decisions than we have in the past 24 ...

    Read on

  • Condor Thomas Cook

    Condor bridge loan approved

    (Sep 25, 2019) Following the bankruptcy of the travel group Thomas Cook, the profitable German subsidiary airline Condor has secured a 6-month bridge loan in the amount of 380 million Euros from the State and ...

    Read on

  • Condor Sale

    Condor Sale: Lufthansa puts in Offer

    (May 7, 2019) Lufthansa has submitted a non-binding offer for the airline Condor, which is for sale, to its parent company Thomas Cook. Lufthansa CEO Carsten Spohr announced this today at the group's Annual ...

    Read on

  • Condor Retro

    Condor: New Retro Paint Job for A320

    (Apr 18, 2019)   Since the beginning of this week, Condor has started flying through the skies with a further A320 in retro design. The D-AICH aircraft, painted in the style of the early 1960s, resembles ...

    Read on

  • Lufthansa Condor

    Condor Manager for takeover by Lufthansa

    (Mar 29, 2019) Condor Manager Ralf Teckentrup can sympathize with the idea of Lufthansa taking over the Thomas Cook Airlines subsidiary, the "editorial Network Germany" (Redaktionsnetzwerk ...

    Read on

  • Condor Lufthansa

    Condor: Back to Lufthansa?

    (Mar 11, 2019) After the tourism group Thomas Cook announced in February that it intended to sell its airlines, Lufthansa Executive Board member Harry Hohmeister immediately expressed an interest in strengthening ...

    Read on