The owner of LOT Polish Airlines has agreed to purchase former Thomas Cook Group subsidiary Condor.
Flight Global reports that the German leisure airline said that the deal with Polish Aviation Group (PGL) secures “our future in the long term”.
“We are pleased that Condor, Germany’s most popular leisure airline, has gained in the PGL and LOT stable, experienced and dynamically developing partners who secure the future of our business,” says Condor chief executive Ralf Teckentrup. “Together we will serve twice as many passengers, thus forming one of the largest aviation groups and the leading leisure airline group in Europe.”
Condor was previously a subsidiary of the UK’s Thomas Cook, which ceased trading in September 2019.
Condor will keep the same management team and branding.
Thomas Cook’s sudden collapse led to the UK’s largest-ever peacetime repatriation process after holidaymakers were left stranded. It had failed to secure a £900 million rescue deal from its largest shareholder, China’s Fosun, bondholders and banks.
Via Flight Global / Business Traveller
Morning Briefing
Residents demand stronger enforcement as quality of life concerns grow
A coalition of residents’ groups and civil society organisations has called on authorities t...
Long-term financial stress could have a lasting impact on brain health, with a new study linking persistent money worries to poorer memory and faster brain ageing.
Researchers analyse...
Morning Briefing
Residents demand stronger enforcement as quality of life concerns grow
A coalition of residents’ groups and civil society organisations has called on authorities t...
Updated 1010
Malta’s R&D Spending Rises to €140 Million in 2024, NSO Data Shows: Malta’s research and development (R&D) expenditure increased to €140.2 million in 2024, up €19...
The European Commission has unveiled an ambitious package of tax reforms aimed at simplifying tax rules across the European Union, reducing compliance burdens for businesses and strength...
The European Union's new Migration and Asylum Pact enters into force on 12 June, ushering in the most significant reform of the bloc's migration framework in years and placing renewed em...
Long-term financial stress could have a lasting impact on brain health, with a new study linking persistent money worries to poorer memory and faster brain ageing.
Researchers analyse...
When Malta first introduced its special tax residence programmes, they were designed to address specific segments of the international market. Over time, these programmes became an impor...
When Malta first introduced its special tax residence programmes, they were designed to address specific segments of the international market. Over time, these programmes became an impor...
As automation takes over routine processes, the sector’s competitive advantage is shifting towards professionals who can interpret complex information, exercise judgement and advise clie...
Pharmaceutical and wellbeing company Vivian has completed a comprehensive Employee Value Proposition (EVP) initiative involving nearly all of the company's 53 employees, revealing that p...
GO is strengthening its commitment to Malta’s creative industry with a continued multi-million-euro investment in local storytelling, as TOKIS prepares to launch its biggest season yet w...
Gulf states have backed a proposal aimed at reducing disruption to global oil trade by allowing Iran to collect voluntary fees from ships using the Strait of Hormuz, according to sources...
The United States and Iran have paused military strikes for a third consecutive night as both sides seek to give diplomacy another opportunity after nearly two weeks of escalating confli...
At least 32 people have been killed and more than 700 injured after two powerful earthquakes — measuring 7.2 and 7.5 — struck central Venezuela seconds apart, causing widespread destruct...
Thousands of Cuban security personnel have begun leaving Caracas after nearly two decades in Venezuela, as Washington ramps up efforts to dismantle the long standing alliance between the...
Ukraine is aiming to develop a prototype of a new European anti-ballistic missile defence system by the first half of 2027, as Kyiv pushes allies to create a home-grown alternative to US...
Ukraine has recaptured 700 sq km (270 sq miles) of its territory this year, outgoing Commander in Chief Oleksandr Syrskyi said on Wednesday, confirming he was leaving the top military ...
