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Condor airline receives 550 million euros in German state aid

Christian Fernsby |
Condor on Monday said it would receive 550 million euros ($596 million) in loans from the German government and the state of Hesse to keep it afloat during the coronavirus crisis.

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Topics: CONDOR    GERMAN   

The help would consist of a 294 million euro loan "as corona aid" as well as 256 million euros to refinance an earlier government bridging loan, Condor said in a statement.

Polish airline LOT this month ditched a plan to buy Condor. The troubled German carrier is a former subsidiary of bankrupt travel operator Thomas Cook.

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