12-Mar-2020 11:34 PM
Creditors' meeting approves Condor's protective shield plan
Direct News Source
Condor can leave the protective shield proceedings in the coming weeks: At today's creditors' meeting, Condor's protective shield plan was approved by the majority. This represents a further milestone in the protective shielding proceeding. The future owner, the Polish Aviation Group (PGL), can thus take over the and the bridging loan, which has been granted to Condor by the German government and the State of Hesse to bridge the winter season, will be repaid on time.
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This press release was sourced from Condor Flugdienst on 12-Mar-2020.