Thomas Cook's German holiday airline Condor has asked the German government...
) German holiday airline Condor has asked the German government for a bridging loan, the airline said on Monday, adding it would continue operating despite its parent company’s collapse.
A spokesman for the Berlin government confirmed it was looking into the application for the bridging loan, without commenting on the size of the request“Everything possible needs to be done to save Condor and its jobs,” Christine Behle of the Verdi board said in a statement, adding the firm was profitable and the brand trusted. Condor employs around 4,500 people.
Governments or insurance companies, depending on individual countries’ laws, will have to step in and bring them home.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Roughly 600,000 travelers are stranded around the world after British travel provider Thomas Cook declared bankruptcy.The 178-year-old tour operator failed to secure a £200 million rescue on Sunday, leading it to suspend its flights and bookings.
Read more »
British travel firm Thomas Cook collapsesThomas Cook, the world’s oldest travel firm, collapses, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history by kholtonreuters $TCG
Read more »
Thomas Cook Shuts Down, Stranding Hundreds of Thousands of TravelersBritish travel company Thomas Cook said it has entered into compulsory liquidation and that all bookings, including flights and holidays, had been canceled—a shutdown affecting more than 600,000 global vacationers.
Read more »
Thomas Cook collapses, leaving thousands of travelers strandedBritish tour operator Thomas Cook has collapsed, potentially stranding hundreds of thousands of travelers whose bookings have been canceled.
Read more »
British travel firm Thomas Cook collapses, stranding hundreds of thousandsBritish travel firm Thomas Cook collapses, stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history by kholtonreuters
Read more »