LoyaltyLobby
A rare piece of good news for the aviation industry is coming from Germany’s
Condor as the airline has just completed the bankruptcy protection process being largely debt free (except for a government loan).
The restructuring does pose some challenges though as for example Lufthansa and Condor are to terminate long term feeder cooperation agreement from June 2021.
While Lufthansa will likely continue to offer feeder flights to Condor connections the airline would have to pay Lufthansa a much higher price for their services, reflecting market rates.
Over the past years we’ve covered Condor and the troubles the airline was in following the bankruptcy of tour operator Thomas Cook. Condor entered their own protective shield under German bankruptcy law (We covered it the last time back in March) and the administrator had his hands full of handling these matters. The airline was on a track for a restart and supposed to be sold to the Polish LOT but then