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EU approves €321.2 million aid for German airline Condor
Published by Global Banking & Finance Review®
Posted on April 28, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 28, 2025
1 min readLast updated: January 24, 2026
The EU has approved €321.2 million in aid for Condor to support its restructuring after a court annulled previous decisions. This aims to ensure the airline's long-term viability.
BRUSSELS (Reuters) - The European Commission has approved €321.2 million in restructuring aid granted by Germany for Condor under EU State aid rules, it said on a statement on Monday.
The decision follows a May 2024 court ruling that annulled the Commission's earlier 2021 decision after Irish airline Ryanair challenged the 2019 government bailout of Condor. Last July, Condor said it was confident the EU would confirm authorization of the aid.
Condor, a German charter airline focused on leisure travel, filed for insolvency in 2019 after the collapse of its parent company, Thomas Cook. The aid aims to restore the airline’s long-term viability.
(Reporting by Charlotte Van Campenhout, Editing by Sudip Kar-Gupta)
The main topic is the EU's approval of €321.2 million in aid for German airline Condor to support its restructuring.
The aid aims to restore Condor's long-term viability after it filed for insolvency in 2019 following the collapse of its parent company.
A court ruling in May 2024 annulled the EU's previous decision, prompting a reevaluation and eventual approval of the aid.
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