Thomas Cook Airline Condor Says To Keep Flying, Seeks Government Loan

Thomas Cook declared bankruptcy Monday after failing to secure a last-ditch rescue deal.

 

FRANKFURT AM MAIN: Condor, the German airline subsidiary of British travel giant Thomas Cook, said Monday it would continue flying even after its parent company declared bankruptcy.

Underlining that it had been “profitable for many years,” the airline added that “to prevent liquidity bottlenecks at Condor, it has applied for a state-guaranteed bridging loan” which is being examined in Berlin.

“We’re continuing to concentrate on what we do best: flying our guests safely and punctually to their holidays,” said managing director Ralf Teckentrup.

Thomas Cook declared bankruptcy Monday after failing to secure a last-ditch rescue deal worth $250 million from private investors to avert collapse.