Condor – Protective Screening opened – Business


The Condor airline bankrupted by the bankruptcy of Thomas Cook can take the next step in the struggle for its future. The Frankfurt district court has formally opened the protective screen, said Condor on Monday. Condor has been looking for new owners since the demise of what was once the second largest tourism group two months ago. Thanks to the protective screen procedure, which was introduced in 2012 for refurbishable companies, the airline was able to isolate itself from the over-indebted parent company. The Confederation and the state of Hesse support Condor with a temporary loan of 380 million euros during the search for investors. According to earlier information from Condor, there is interest from financial investors as well as from other airlines.

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