Condor, German Subsidiary of Thomas Cook Applies for a Loan to Avoid Lack of Liquidity

Condor, a German subsidiary of Thomas Cook, has requested a bridge loan backed by the German government to avoid a possible lack of liquidity of the company, following the insolvency of the British tour operator announced last morning.

At present, around 240 thousand clients travel with Condor. The airline operates a fleet of 58 aircraft that includes the Condor, Thomas Cook Aviation and Thomas Cook Balearics devices, according to the statement.

According to the company, there were positive results in recent years. He also indicated that Thomas Cook customers can fly back as planned, and that the sale of tickets for Condor flights has no restrictions.

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Source: Larepublica