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Polish Aviation Group acquires Thomas Cook subsidiary Condor

Christian Fernsby |
The owner of LOT Polish Airlines has agreed to purchase former Thomas Cook Group subsidiary Condor.

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The German leisure airline said on 24 January that the deal with Polish Aviation Group (PGL) secures “our future in the long term”.

“We are pleased that Condor, Germany’s most popular leisure airline, has gained in the PGL and LOT stable, experienced and dynamically developing partners who secure the future of our business,” says Condor chief executive Ralf Teckentrup. “Together we will serve twice as many passengers, thus forming one of the largest aviation groups and the leading leisure airline group in Europe.”

The Condor brand will be retained, along with “its successful management team”, PGL states.

“Condor will become the centre of PGL’s leisure strategy with a focus on growth in Germany as well as adjacent markets, building one of the leading European leisure airlines,” the Polish group adds.

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