[ News ]October 14, 2019 12:00 am ET

European Commission Approves $420 Million Loan to Condor
German carrier Condor has been approved a €380 million Euros ($420 million) loan by the European Commission to be used for the carrier’s restructuring and pathway for economic viability, following the demise of its parent company Thomas Cook. The loan, provided by German state-owned bank KfW, is subject to the…