Loading
4-Dec-2019 12:46 AM

Frankfurt District Court opens insolvency proceedings against Condor

Germany's Frankfurt District Court opened (02-Dec-2019) insolvency proceedings against Condor Flugdienst, with Dr Lucas Flöther appointed as provisional administrator. Condor applied for protective shield proceedings in late Sep-2019, with operations to continue as normal during insolvency proceedings, as previously reported by CAPA. The airline intends to re-establish itself through a restructuring plan with a new owner and without the insolvent former parent company Thomas Cook Group. The opinion of the provisional administrator confirms the debtor's intended restructuring process has "prospects of success". [more - original PR - German]

Want More News Like This?

CAPA Membership provides access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More