Airlines
European Commission Approves Massive Aid Injection to Condor
EU antitrust regulators conclude that German state and restructuring aid to Condor comply with European state aid rules.
Condor's pre-Covid fleet included 16 Boeing 767-300ERs. (Photo: Condor)
Condor's pre-Covid fleet included 16 Boeing 767-300ERs. (Photo: Condor)

German leisure carrier Condor secured European Union approval of €525.3 million ($619.42 million) in aid, clearing a major hurdle in the company’s effort to remain afloat and lock in a bid from financial investment firm Attestor Capital for an initial 51 percent stake. The bailout relates to two measures to compensate Condor for damages suffered as a result of the coronavirus outbreak, worth in total €204.1 million, and €321.2 million of restructuring support to enable Condor's return to viability.


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