The airline, with the last six machines of the type Airbus A 320 and A 321 flew so far, in the order of the German holiday flyer, Condor, especially in the Mediterranean and Europe. Ralf S. Nagel, boss of Thomas Cook Aviation, said in a video message to his employees, you strive insolvency on the insolvency protection proceedings.
the Only Thomas-Cook-customer fell way
To the Airline for a limited period of time is protected from the access of creditors to rescue may be themselves or to find new investors. The employee would receive for the months of March, April and may for insolvency money from the Federal Agency for work, the insured nail.
The Airline, which flew their machines into the Condor livery, slid in the Bankruptcy, because their sole customer was the is also wobbling Condor. This announces “the up to 31.12.2021 existing framework contracts up,” said nail. The whole fleet standing on the ground. Condor confirmed, in turn, to FOCUS the termination of the contracts “due to the current Situation”.
- you can read more about the latest developments in the News-Ticker to the Corona Crash.
Even at the beginning of March, the Thomas Cook chief nail was confident
The airline, Thomas Cook Aviation was originated in the year 2017 from the bankruptcy, also missing Air Berlin “Air Berlin Aviation” shows.
According to the nail would still be delivered at the beginning of March, six potential investors, the “non-binding offers” for Thomas Cook Aviation, it was “in an advanced stage of negotiations”. “We are going to canvass,” says the Airline chief, so they wanted to do on new fields of business. It is, for example, requests would be examined “for the Transport of medical Equipment or Rescue Flights”. “We believe in our future”.
Insolvent Condor. actually, up to 15 April credit pay back
Condor self-delegated numerous flights as is the case with the German Thomas Cook Aviation to other smaller Airlines, such as Air Tanker (UK, Airbus A330), Omni Air (USA, Boeing 767-300), Smartlynx (Latvia, Airbus A321), Air Explore (Slovakia, Airbus A 320) or Thomas Cook Airlines Balearics (Mallorca, Airbus A 320). The extent to which these airlines are now in financial difficulties, is due to the different national legal situation is still unclear. dpa/Silas stone/dpabild the Logo of the Thomas Cook subsidiary Condor in front of a closed switch on a tape.
The insolvent Condor had fled already in the previous autumn because of the Bankruptcy of their former parent company Thomas Cook under a legal umbrella. To bridge the time until the anticipated sale, the company received a state loan from the state-owned KfW-Bank, about 380 million Euro. This must actually be 15 to the. April to be repaid.
the 200-million-Euro loan from the KfW
requested and Then was promptly found an Investor related to the Polish Airline LOT, but it is also in trouble. German tour operators such as Dertour (Rewe Touristik), or Alltours have expressed a large interest in a holiday flyer, to be not entirely the Lufthansa with its subsidiaries eurowings and Germanwings in the domestic market delivered. So far, they were not afraid, however, the large initial in the case of Condor.
Because of the corona crisis and the significantly reduced flight operations of the planes requested, according to insiders, already in addition, a 200-million-Euro loan from the KfW liquidity assistance.
read more about the corona of a crisis in the News Ticker of FOCUS Online.
calls for nationalization of the Condor
Parallel-Condor was involved in the Repatriation of German tourists and headed for the last also unscheduled destinations such as Guatemala, Nicaragua, or Australia. More than 67,000 holidaymakers had been flown in the last two weeks home, boasts Condor.
critics say the Airline to cancel in the last weeks a number of a long time customer has paid for flights and on behalf of the Federal government for the second Time have to pay. The return actions, see critic only as a strategic move on the part of Condor boss Ralf Teckentrup, in order to appear in the policy as “systemically important Airline” and save then re-state aid.
With the Federal government would have already been in discussions about a nationalization of the Condor, learned FOCUS from Berlin. Lanz unmasked confusing WHO-masks-recommendation: a virologist device, in the Defensive FOCUS Online/Wochit Lanz unmasked confusing WHO-masks-recommendation: a virologist device on the Defensive In the FOCUS Online/Wochit In the