Condor applies for bridging loan but administration looms

The German arm of Thomas Cook and it’s airline Condor, have applied for a bridging loan to keep operating.

Following a 72% drop in Thomas Cook Groups bond values and its U.K. parents collapse it seems unlikely the German arm can survive, but the laws on administration are different in Germany and there is a chance for a complete collapse to be avoided.

In the meantime it continues to operate normally.

Advertisements