{"id":1307,"date":"2020-04-11T03:58:35","date_gmt":"2020-04-11T03:58:35","guid":{"rendered":"http:\/\/demo6.aiwalls.com\/ipapps\/?p=1307"},"modified":"2020-04-11T09:19:11","modified_gmt":"2020-04-11T09:19:11","slug":"germanys-condor-airline-to-keep-flying-with-state-loan","status":"publish","type":"post","link":"https:\/\/www.txd9.com\/?p=1307","title":{"rendered":"Germany&#039;s Condor airline to keep flying with state loan"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/pic1.tadke.com\/imgs\/tech2lims\/0409\/fecmxyi512t.jpg\" alt=\"Condor Airlines, a Germany subsidiary of bankrupt British tour operator Thomas Cook, will continue to fly after receiving a stat\"><figcaption class=\"text-darken text-low-up text-truncate-js mt-3\">\n                Condor Airlines, a Germany subsidiary of bankrupt British tour operator Thomas Cook, will continue to fly after receiving a state-guaranteed bridging loan with the German federal government and the Hesse state government<br \/>\n<\/figcaption>German charter airline Condor, a subsidiary of bankrupt British tour operator Thomas Cook, said Tuesday it had been granted a 380 million euro ($420 million) state bridging loan.<\/p>\n<p><!-- \/4988204\/TechX_Story_InText_Box --><\/p>\n<p>The holiday airline founded in 1956 operates 58 aircraft, has 4,900 staff and flies about eight million passengers a year from eight German cities to over 100 destinations in Europe, Africa and North America.<\/p>\n<p>The carrier reported a day earlier that it had applied for a state-guaranteed bridging loan with the German federal government and the Hesse state government.<\/p>\n<p>It then confirmed late Tuesday it had \u201creceived a guarantee from the federal government and the state government of Hesse for a six-month bridging loan of 380 million euros\u201d.<\/p>\n<p>The money could be disbursed after agreement from the European Commission, it said, adding that \u201cit is not yet possible to say when the decision from Brussels will be known\u201d.<\/p>\n<p>Condor said the bridging loan was meant \u201cto prevent possible liquidity bottlenecks at Condor resulting from the insolvency of the English Condor parent company Thomas Cook Group\u201d.<\/p>\n<p>\u201cCondor is an operationally healthy and profitable company, which will also record a positive result in the current year,\u201d chairman Ralf Teckentrup said in a statement.<\/p>\n<p>\u201cThis commitment is an important step towards securing our future.\u201d<\/p>\n<hr>\n","protected":false},"excerpt":{"rendered":"<p>Condor Airlines, a Germany subsidiary of bankrupt British tour operator Thomas Cook, will continue to fly after receiving a state-guaranteed bridging loan with the German<\/p>\n","protected":false},"author":1,"featured_media":1288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[270],"tags":[831,1069,1068,922,80],"class_list":["post-1307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editors-choice","tag-airline","tag-condor","tag-flying","tag-germany","tag-tech"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/posts\/1307","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.txd9.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1307"}],"version-history":[{"count":1,"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/posts\/1307\/revisions"}],"predecessor-version":[{"id":1314,"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/posts\/1307\/revisions\/1314"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.txd9.com\/index.php?rest_route=\/wp\/v2\/media\/1288"}],"wp:attachment":[{"href":"https:\/\/www.txd9.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1307"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.txd9.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1307"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.txd9.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1307"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}