Urgent.News

What's breaking now, across thousands of outlets.

Business

Britischer Hauptaktionär übernimmt deutsche Airline Condor ganz

Der Deutscher Staat zieht sich komplett zurück. Der britische Mehrheitseigner Attestor übernimmt

Düsseldorf saw the German government withdrawing from the vacation airline Condor. Majority owner Attestor is set to take over the remaining 49 percent stake, currently held by SG Luftfahrtgesellschaft on behalf of the federal government and the state of Hessen, at the end of August 2027. Attestor has agreed to a purchase option originally agreed upon when the financial investor entered in 2021, Condor reported in Frankfurt.

The closing of the takeover is planned for the cut-off date of August 31, 2027. Following the bankruptcy of the former parent company Thomas Cook and the aftermath of the COVID-19 pandemic, the federal government and the state of Hessen had intervened during the crisis. Condor had repaid state aid prematurely in spring 2026. Additional details, such as financial information, were not disclosed.

Over recent years, the airline has renewed its long-haul fleet, expanded its short and medium-haul fleet, and developed its city air network as a feeder to Frankfurt Airport. Owning its own feeder services is crucial for Condor, as Lufthansa terminated the previous feeder contract.

Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

This story

This is one outlet's version. Read the fullest account.

Read the original at derstandard.at →

More in Business

More from Friday 25 September →