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A Condor 767-300 in Austin after its inaugural flight in 2016 (Photo: AirlineGeeks

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 commission’s guidelines on rescue and restructuring aid. This mechanism allows EU member states to support companies undergoing financial difficulties, where its sustainability is a matter of common interest.  However, these…

Etihad Plans to Loan Pilots to Emirates

In a surprising announcement, Etihad Airways will loan out pilots to rival U.A.E. carrier, Emirates. The move was confirmed by officials from Emirates Airline as a way to stifle the airline's ongoing pilot shortage. The unique pilot sharing program comes as both airlines continue to face their own unique struggles.…