On 13 April, Polska Grupa Lotnicze (PGL) announced it would not take over Condor as a consequence of the COVID-19 outbreak.
Uncertainty at Condor. The state-owned Polish group which was supposed to take over the German leisure airline withdraws in view of the current crisis. The agreement was negotiated for €300 million and was supposed to be effective this month.
“I confirm that PGL informed Condor today about its withdrawal from the purchase of this company. We don’t provide any more information at this stage,” PGL communications director Katarzyna Majchrzak said in an email to Reuters.
Spokespeople of Condor and German economy ministry declined to comment.
The German government recently said to be ready to take over if that situation would happen.
This post was published on 13 April 2020 22:08
Lufthansa will end Airbus A340-600 passenger operations on 18 October, with the final scheduled service…
A technical failure affecting Italy’s air traffic control systems disrupted flights at Brussels Airport on…
Red Sea Airlines) charter flight 4S321 from Hurghada, Egypt, to St. Petersburg, Russian Federation, operated…
Airbus is preparing to decide on an expansion of A350 production capacity as airlines seek…
Ryanair responded to a passenger’s complaint about its windowless seat 11A with a characteristic social-media…
VINCI Airports has launched the redevelopment of Terminal 2 at Lyon-Saint Exupéry Airport, with opening…