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Condor: Commission re-examines state aid

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Published: July 30th, 2024,
Last updated: September 3rd, 2024

D-ATCB CONDOR AIRBUS A321-200 at - Palma de Mallorca Airport on June 16, 2024 in Palma
The German government rescued the airline Condor in 2019 with a loan from the KfW development bank after the then parent company Thomas Cook went bankrupt.

The European Commission is investigating whether a €321.2 million German restructuring measure for the airline Condor complies with EU state aid rules. The measure was originally approved by the Commission in July 2021 on the basis of the State Aid Guidelines on Rescue and Restructuring. However, the approval was annulled by the General Court of the EU.

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