Germany Mulls Emergency Aid for Thomas Cook’s Condor Airline
- Lufthansa declines to comment on Thomas Cook liquidation
- Airline has previously bid for Condor, but may only seek slots
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German authorities are considering emergency financial aid for Thomas Cook Group Plc’s Condor subsidiary as Deutsche Lufthansa AG remains tight-lipped on the fate of a unit it bid for earlier this year.
Germany’s Economy Ministry on Monday said it’s urgently assessing Condor Flugdienst GmbH’s request for a bridge loan after Thomas Cook collapsed under a pile of debt. The state of Hesse, where Condor’s base at Frankfurt Airport is located, is ready to help with a loan guarantee and is already in talks with the airline and the federal government, Premier Volker Bouffier said.