Tag Archives: Condor Flugdienst

Condor orders 7 Airbus A330-900s and will lease another 9, will replace 767s

 

Airbus issued this statement:

Condor Flugdienst GmbH has chosen the Airbus A330neo to renew its long-haul fleet with plans to introduce 16 aircraft of this new and more efficient type. The airline has signed an agreement with Airbus for the purchase of seven Airbus A330neo, and intends to lease a further nine.

The airline will operate the A330neo on its international long-haul network to the Americas, Africa, the Caribbean and Asia.

Condor also issued this statement:

Condor has decided to order 16 Airbus A330-900neo aircraft. The Supervisory Board has already agreed. As the German launch customer for the Airbus A330neo, Condor is thus focusing on latest technology, maximum efficiency and the highest level of customer comfort. Fuel consumption per passenger per 100 kilometers will be 2.1 liters, which makes Condor the European frontrunner on long-haul flights.

The first aircraft is expected in autumn 2022, whilst the replacement of the entire long-haul fleet is scheduled to be completed by mid-2024.

The Airbus A330-900neo is designed with innovative enhancements for exceptional efficiency while offering the highest levels of comfort. Guests relax with a significantly enhanced sense of space, regardless of the booking class, and enjoy the latest generation of in-flight entertainment and connectivity on board. The A330neo has special aerodynamics through improved wing design and is equipped with state-of-the-art engines from the manufacturer Rolls Royce. The Trent 7000 engines incorporate the latest technology, deliver exceptional efficiency and are capable of operating on Sustainable Aviation Fuels (SAF). Thus, the Airbus A330neo sets new standards with 20 per cent lower CO2 emissions and significant fuel savings. In fact, the Airbus A330neo is the first aircraft in the world to already be certified for the regulatory reduction in CO2 emissions, which will apply as of 2028. Besides, State-of-the-art flight and navigation systems are installed on board, which are being further developed tailor-made for Condor to meet the special requirements of the leisure airline. Noise- and CO2-efficient approach and departure procedures are thus possible even at particularly high-altitude airports – but noise pollution is also reduced by up to 60 per cent at German airports.

Note: The new Airbus A330-900s will replace the current Boeing 767-300 fleet.

To be replaced by mid 2024 with new Airbus A330-900s

Above Copyright Photo: Condor Flugdienst-Thomas Cook Boeing 767-330 ER WL D-ABUD (msn 26983) MUC (Gunter Mayer). Image: 954588.

Condor slide show:

Video:

condor-a330neo.com

European Commission approves state aid to Condor, Condor to resume flights to Canada

Condor Flugdienst Boeing 757-330 WL D-ABOJ (msn 29019) JVR (Javier Rodriguez). Image: 950836.

The European Commission has issued this statement:

The European Commission has found an aid package by Germany in favor of the airline Condor to be in line with EU State aid rules. The approval of the aid package, based on three separate Commission’s decisions, relates to two measures to compensate Condor for damages suffered as a result of the coronavirus outbreak, worth in total €204.1 million, and €321.2 million of restructuring support to enable Condor’s return to viability.

The German aid measures

Condor is a German charter airline, which provides air transport services to individual clients and tour operators from its hubs in Germany, with a focus on the leisure travel market. It serves 126 destinations all over the world. The restrictions put in place in Germany, as well as in other EU Member States and third countries, in order to limit the spread of the coronavirus have heavily affected Condor’s operations, in particular regarding international and intercontinental flights. As a result, Condor has been incurring significant losses since 17 March 2020.

Following the annulment by the General Court of a Commission decision of 26 April 2020, which had approved damage compensation in favor of Condor for the period 17 March to 31 December 2020 (in the form of two loans, with a nominal amount of €550 million and an aid amount of total €267.1 million, based on ex ante estimates of damages), the Commission has today adopted a new decision based on an ex post analysis of the actual damages incurred (”Condor I”) and taking into account the judgment by the General Court.

Between 17 March to 31 December 2020, Condor suffered an actual damage because of the coronavirus outbreak and the related travel restrictions below the initial estimated amount. In line with the claw-back commitment by Germany included in the Commission’s April 2020 decision, Condor will repay the advantage received in excess of the actual amount of damages calculated ex post, plus interest. In a first decision (Condor I), the Commission is therefore approving today €144.1 million of loans as damage compensation for the period between 17 March and 31 December 2020.

In a second decision, the Commission has furthermore approved additional damage compensation in an amount of €60 million for the period from 1 January to 31 May 2021 (“Condor II). This aid measure takes the form of a write off on part of the existing loans, which were initially approved under the annulled decision of April 2020 (the initial damage compensation measure covering the period from 17 March 2020 to 31 December 2020, described above).

Third, Germany also notified the Commission of its plans to grant restructuring aid to Condor. The aid would be granted by writing off additional €90 million of the existing loans and by restructuring the remaining amount of loans, as well as to write-off €20.2 million of interest. This interest relates to the temporary access to excess funds that Condor had on the basis of the amount of damages calculated ex ante. These measures support the restructuring plan of Condor, which started in October 2019 and is envisaged to end in September 2023, for a total of €321.2 million.

The Commission’s assessment

The Commission assessed the damage compensation measures under Article 107(2)(b) of the Treaty on the Functioning of the European Union (TFEU), which enables the Commission to approve State aid measures granted by Member States to compensate specific companies or sectors for damage directly caused by exceptional occurrences.

The Commission considers that the coronavirus outbreak qualifies as such an exceptional occurrence, as it is an extraordinary, unforeseeable event having significant economic impact. As a result, exceptional interventions by the Member State to compensate for the damages linked to the outbreak are justified.

  • In the first compensation period, from 17 March to 30 June 2020, the notified measure will compensate Condor for the overall loss of income caused by the travel restrictions imposed in Germany, EU and non-EU countries to limit the spread of the virus.
  • In the second compensation period from 1 July 2020 to 31 May 2021, the notified measure will compensate Condor for the losses caused by remaining or new travel restrictions affecting specific routes.

Therefore, the Commission found that the measures will compensate damages suffered by Condor that are directly linked to the coronavirus outbreak and the related travel restrictions.

The Commission also found that the measures are proportionate. In particular, the route-by-route quantitative analysis submitted by Germany for the compensation relating to the period from 1 July 2020 to 31 May 2021 appropriately identifies the damage attributable to the travel restrictions still applicable to specific routes, and therefore the compensation does not exceed what is necessary to make good the damage on those routes. The risk of the State aid exceeding the damage is therefore excluded.

For what concerns the restructuring aid notified by Germany, the Commission assessed the measures under its Guidelines on State aid for the rescue and restructuring of companies in difficulty

The Commission found that, in line with the Guidelines, Condor is implementing a comprehensive package of restructuring measures that will ensure its return to long-term viability. Moreover, Condor and its new private investor Attestor are making a significant own contribution to the cost of restructuring, as they will fund over 70% of that cost. In particular, creditors have agreed to write-off over €630 million of claims. Moreover, Attestor has committed to inject €200 million of equity and provide further €250 million for Condor’s fleet renewal. The latter will also contribute to the Commission’s objectives specified in the Green Deal as it will replace Condor’s aging fleet with new, efficient aircraft, which will lead to reductions of fossil fuel consumption and CO2 emissions. Finally, Condor has committed to a capacity cap of its fleet during the restructuring period (until September 2023) in order to limit the distortions of competition possibly created by the restructuring aid.

The Commission has therefore approved the restructuring plan presented by Germany and has concluded that the restructuring aid is in line with EU rules as it will bring Condor back on the path of long-term viability without unduly affecting completion and trade in the German leisure air travel market.

Background

Financial support from EU or national funds granted to health services or other public services to tackle the coronavirus situation falls outside the scope of State aid control. The same applies to any public financial support given directly to citizens. Similarly, public support measures that are available to all companies such as for example wage subsidies and suspension of payments of corporate and value added taxes or social contributions do not fall under State aid control and do not require the Commission’s approval under EU State aid rules. In all these cases, Member States can act immediately. When State aid rules are applicable, Member States can design ample aid measures to support specific companies or sectors suffering from the consequences of the coronavirus outbreak in line with the existing EU State aid framework.

On 13 March 2020, the Commission adopted a Communication on a coordinated economic response to the COVID-19 outbreak setting out these possibilities.

In this respect, for example:

  • Member States can compensate specific companies or specific sectors (in the form of schemes) for the damage suffered due and directly caused by exceptional occurrences, such as those caused by the coronavirus outbreak. This is foreseen by Article 107(2)(b)TFEU.
  • State aid rules based on Article 107(3)(c) TFEU enable Member States to help companies cope with liquidity shortages and needing urgent rescue aid.
  • This can be complemented by a variety of additional measures, such as under the de minimis Regulation and the General Block Exemption Regulation, which can also be put in place by Member States immediately, without involvement of the Commission.

In case of particularly severe economic situations, such as the one currently faced by all Member States due the coronavirus outbreak, EU State aid rules allow Member States to grant support to remedy a serious disturbance to their economy. This is foreseen by Article 107(3)(b) TFEU of the Treaty on the Functioning of the European Union.

On 19 March 2020, the Commission adopted a State aid Temporary Framework based on Article 107(3)(b) TFEU to enable Member States to use the full flexibility foreseen under State aid rules to support the economy in the context of the coronavirus outbreak. The Temporary Framework, as amended on 3 April, 8 May, 29 June, 13 October 2020 and 28 January 2021, provides for the following types of aid, which can be granted by Member States: (i) Direct grants, equity injections, selective tax advantages and advance payments; (ii) State guarantees for loans taken by companies; (iii) Subsidized public loans to companies, including subordinated loans; (iv) Safeguards for banks that channel State aid to the real economy; (v) Public short-term export credit insurance;(vi) Support for coronavirus related research and development (R&D); (vii) Support for the construction and upscaling of testing facilities; (viii) Support for the production of products relevant to tackle the coronavirus outbreak; (ix) Targeted support in the form of deferral of tax payments and/or suspensions of social security contributions; (x) Targeted support in the form of wage subsidies for employees; (xi) Targeted support in the form of equity and/or hybrid capital instruments; (xii) Support for uncovered fixed costs for companies facing a decline in turnover in the context of the coronavirus outbreak.

The Temporary Framework will be in place until the end of December 2021. With a view to ensuring legal certainty, the Commission will assess before this date if it needs to be extended. The Commission’s Guidelines on rescue and restructuring aid allow Member States to support the restructuring of companies in difficulties, provided, in particular, that the public support measures contribute to addressing the company’s problems and enable it to become viable without continued State support, while limiting the distortions of competition triggered by the aid.

In October 2019, the Commission approved €380 million rescue aid to Condor, as the company got into financial difficulties due to the liquidation of its parent company.

The non-confidential version of the decision will be made available under the case numbers SA.63203, SA. 63617 and SA. 56867 in the State aid register on the Commission’s competition website once any confidentiality issues have been resolved. New publications of State aid decisions on the internet and in the Official Journal are listed in the Competition Weekly e-News. More information on the Temporary Framework and other action the Commission has taken to address the economic impact of the coronavirus pandemic can be found here.

In other news, Condor will once again be taking travelers to Toronto in Ontario and Halifax in Nova Scotia from September 7, 2021. From Frankfurt, Condor will fly to Toronto on Mondays, Thursdays and Saturdays, and to Halifax on Mondays and Thursdays. From there, guests can conveniently reach ten other destinations in Canada with Condor partner WestJet. Travel with Condor can be booked with all German tour operators and at travel agencies, and flight tickets can be booked as usual at http://www.condor.com and by phone.

Top Copyright Photo: Condor Flugdienst Boeing 757-330 WL D-ABOJ (msn 29019) JVR (Javier Rodriguez). Image: 950836.

Condor aircraft slide show:

A bright new future for Condor: Attestor acquires a majority stake in Condor

Condor Flugdienst Airbus A321-211 D-AIAI (msn 7127) PMI (Javier Rodriguez). Image: 951129.

Condor has released this statement:

Condor’s future is secured: Asset manager Attestor acquires 51 percent of the company’s shares and sets the course for a secure future of Condor. Attestor invests 200 million euros of equity capital and will provide a further 250 million euros to modernize Condor’s long-haul fleet. This will ensure the rapid ramp-up of flight operations after the Coronavirus pandemic and will further enable the long-term development of Germany’s most popular leisure airline under the strong Condor brand. All 4,050 jobs at the airline and the company’s own maintenance subsidiary Condor Technik will be retained.

“We are proud that we were able to convince Attestor of Condor as a traditional company with a 65-year history of providing quality holidays and excellent service. Our partnership will enable us, together with our other industry partners, to advance our vision of sustainable air travel, launch innovative products and drive forward digital transformation. Our employees have proven they are prepared to go the extra mile – not only for Condor, but also for our customers and partners. And, going forward, that’s precisely what we will continue to do” says Ralf Teckentrup, CEO of Condor.

Jan-Christoph Peters, founder and owner of Attestor: “Condor is a strong brand with a proven business model in an attractive market. As the leader in the German leisure flight market, Condor is especially well-positioned to benefit when the tourism market picks up. After successful restructuring, the company’s cost position is highly competitive. By investing in Condor, we are not only creating the foundation for a successful restart, but are also paving the way forward for the company’s long-term development into Europe’s leading charter airline. To this end, we will invest substantially to modernize the Condor fleet.”

Attestor is initially acquiring a stake of 51 percent in Condor, while the remaining 49 percent will remain with SG Luftfahrtgesellschaft, which holds its shares on behalf of Germany’s federal government and the government of the state of Hesse. The investor has the option of acquiring the remaining shares at a later time. In order to secure jobs in the long term, the German federal government and the state of Hesse are supporting Condor’s repositioning with a restructuring of the KfW loan. This measure is subject to approval under EU state aid legislation. Condor will repay the remaining KfW loan as agreed in due time.

About Attestor

Attestor is an owner-operated asset management company with a long-term horizon and specializes in investments in turnaround situations. The fund was founded by German investor Jan-Christoph Peters in 2012 and currently has assets under management of around 5.5 billion euros. The majority of the capital comes from university foundations and family offices. The portfolio includes a stake in Kommunalkredit Austria, an Austrian bank, and in Europcar, a car rental agency. Attestor’s investments in the tourism sector include a number of hotels in Italy and the Netherlands.

Top Copyright Photo: Condor Flugdienst Airbus A321-211 D-AIAI (msn 7127) PMI (Javier Rodriguez). Image: 951129.

Condor aircraft slide show:

Condor starts flying for DHL Express with 4 Boeing 767-300 freighters

Condor has made this announcement:

Packages instead of passengers: Germany’s most popular leisure airline Condor is now taking off with four Boeing 767-300s on behalf of DHL Express, the world’s leading provider of express services. The first cargo flights under the partnership took off this week. The Condor aircraft will be handled at Europe’s largest DHL Express hub in Leipzig and will transport shipments on a total of three routes to Shannon in Ireland, Milan-Malpensa in Italy and Cologne. In the future, these flights will also be able to transport COVID-19 vaccines. The partnership is initially limited until the end of May.

“We have already been operating more cargo flights over the past year and have expanded our expertise here. We are very pleased to now also work with such an experienced partner as DHL Express,” says Christian Schmitt, COO of Condor. “The partnership also shows that Condor can flexibly adapt to circumstances in special situations and thus contribute an important part to the international supply chain in cooperation with DHL.”

“This firm partnership between Cargo and Passage is unique so far,” adds Markus Otto, Senior Vice President Aviation Europe at DHL Express. “It enables us to respond even faster and more flexibly to the continued high customer demand for international express shipping. The additional Condor capacity will enable us to further improve our service quality and transit times and continue on our growth path.”

Condor has already been operating more cargo flights since April last year and, in addition to e-commerce goods, has so far mainly transported medical protective equipment such as millions of mouth-nose masks, protective suits and gloves. In the course of this, part of the Boeing 767 fleet was also converted into cargo-only aircraft and the seats were expanded.

In the meantime, 14 of 16 Boeing 767s were being used exclusively for cargo flights. Condor has also trained and deployed special cargo supervisors for this purpose, ensuring smooth operations. In addition to cargo flights, Condor also remains loyal to the vacation segment: as Germany’s most popular vacation carrier, Condor currently flies to the Canary Islands, Egypt, Cuba, the Maldives and the Dominican Republic.

For the express division of Deutsche Post DHL Group, the partnership is part of a program of measures to serve the globally increasing express volumes and to grow continuously.

The company had already announced the additional purchase of new wide-body Boeing 777F aircraft at the beginning of the year.

Condor aircraft photo gallery:

Condor aircraft slide show:

Condor adds back the Dominican Republic and the Maldives

Condor Flugdienst has made this announcement:

Germany’s most popular leisure airline is once again flying to the Dominican Republic and the Maldives: From December 18, 2020, Condor will take off from Frankfurt three times a week to Punta Cana and once a week to Puerto Plata, Santo Domingo.

The Maldives will also be included in the program again with two weekly flights from Frankfurt. The connections to the Canary Islands will be increased: From Frankfurt, Düsseldorf, Hamburg and Munich, Condor will take vacationers to Lanzarote, Fuerteventura, Gran Canaria, La Palma, Tenerife and Madeira.

Protective measures during the flight

On board all Condor flights, mouth-nose protection is mandatory for guests and the cabin crew. In addition, service and also boarding and disembarkation processes are adapted in accordance with the regulations. Customers are requested to use the online check-in. This ensures maximum protection during the entire journey. On site, guests are asked to behave prudently and in accordance with hygiene regulations throughout their stay and to take into account the entry requirements of the respective destination and the regulations on their return to Germany.

Connections from Frankfurt, from December 18, 2020

Varadero: Tuesday, Friday, Saturday

Punta Cana: Monday, Wednesday, Saturday

Santo Domingo: Sunday

Maledives: Monday, Saturday

Condor aircraft photo gallery:

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Condor to resume its summer schedule on June 25

Condor is relaunching its summer flight schedule in time for the start of the summer holiday season on June 25, 2020 from eight airports in Germany to initially 29 holiday destinations: Germany’s most popular leisure airline will be flying from Frankfurt, Düsseldorf, Munich, Hamburg, Hanover, Stuttgart, Leipzig/Halle and Berlin-Schoenefeld to the most popular holiday regions, such as the Canary Islands, the Balearic Islands, Andalusia, Greece, Croatia, Sardinia, Italy, Cyprus, Turkey and the North Sea island of Sylt as of the end of June.

Successive expansion of the current flight plan

Condor is currently offering flights from Frankfurt to Mallorca, Tenerife and Gran Canaria as part of our flight plan to ensure a basic infrastructure within Europe. This will be successively expanded as early as of mid-June: Additional flights to Majorca and the Canary Islands (Tenerife, Gran Canaria, Fuerteventura), Greece (Kos, Crete, Preveza, Rhodes, Thessaloniki), Andalusia (Jerez de la Frontera), Croatia (Split) and Sardinia (Olbia) will initially be served from Frankfurt, Düsseldorf, Munich and Hamburg. Further destinations and the departure airports of Hanover, Stuttgart, Leipzig/Halle and Berlin-Schoenefeld will be added at the beginning of the summer holiday season on June 25, 2020.

Protective measures during the whole journey

As part of a package of measures introduced by the German air transport industry, airlines and airports are implementing a wide range of preventive protective measures for the entire air journey, from entering the terminal to the arrival at the destination: On board all Condor flights, too, mouth-and-nose protection is mandatory for guests and cabin crew until 31 August 2020. The air quality on board corresponds to that in operating theatres in a German hospital due to the direction of air flow and the filters installed. In addition to the service, the boarding and deboarding processes have also been adapted to the special situation, so that in future smaller groups will board and the number of buses to the aircraft will either be increased or, where possible, boarding at the building will be made possible. Customers are also asked to use online check-in. This will ensure that our customers have the highest level of protection during their journey. Guests are asked to behave prudently and in accordance with the hygiene regulations throughout their journey and to take into account the entry requirements of the respective destination and the regulations on their return to Germany.

Condor destinations for summer holiday season 2020:

  • Greece (14):Kalamata, Kavala, Corfu, Kos, Crete, Mykonos, Preveza, Rhodes, Samos, Santorini, Skiathos, Thessaloniki, Volos, Zakynthos
  • Canary Islands (5):Tenerife, Fuerteventura, Gran Canaria, Lanzarote, La Palma
    Balearic Islands (2):Mallorca, Ibiza
  • Cyprus (2):Paphos, Larnaca
  • Andalusia:Jerez de la Frontera
  • Turkey:Antalya
  • Croatia:Split
  • Italy:Lamezia Terme
  • Sardinia:Olbia
  • Germany:Sylt

Condor aircraft photo gallery:

Polish Aviation Group (PGL) withdraws its offer to acquire Condor

Polish Aviation Group (PGL), the parent of LOT Polish Airlines, has announced it is withdrawing from its intention to acquire Condor.

Will Germany nationalize Condor?

Read more from Reuters.

Condor aircraft photo gallery:

Condor announces flights from Düsseldorf to Cancun in winter 2020/21

Condor is introducing long-haul flights from Düsseldorf in the upcoming winter flight schedule: Condor will be flying from Düsseldorf to Cancun in Mexico every Tuesday and Saturday from 3 November 2020. This means that Condor will supplement the existing departure airports for long-haul flights, Frankfurt and Munich, in the 2020/21 winter flight schedule, while planning the inclusion of further long-haul destinations from Düsseldorf. Condor flies from Munich to Cancun as well as to Punta Cana in the Dominican Republic and is now also flying to Varadero in Cuba. Seattle will also be included in the program and will thus now be served from Munich all year around.

Condor is stationing a Boeing 767 in Düsseldorf for the winter flight schedule 2020/21, with which Germany’s most popular leisure airline takes off for Cancun every Tuesday and Saturday. The flights can be booked from 359.99 EUR per person and route.

Long-haul flights can also be booked from Munich, new: Varadero (Cuba), Seattle (USA) all year around.

As in the current winter and the upcoming summer flight schedule, Condor will continue to offer attractive long-haul destinations from Munich. In the 2020/21 winter season, the leisure airline will be flying three times a week to Punta Cana and twice a week to Cancun. In addition, the leisure airline will now also be flying once a week to Varadero in Cuba and will continue its summer connections to Seattle twice a week in the winter timetable.

Condor aircraft photo gallery:

Condor revises its livery with a “new” tail design

Airline Color Scheme - Introduced 2019

With the demise of the former parent Thomas Cook Group, Condor Flugdienst (Condor Airlines) is now going it alone.

On October 31, 2019 the airline announced a revision to its livery with the unveiling of the pictured Boeing 767-300 D-ABUF.

The “Sunny Heart” tail logo (below) has been replaced with the traditional “paper clip” Condor logo on the tail (above).

The “Sunny Heart” design was associated with the former group and especially Thomas Cook Airlines of the UK.

Top Copyright Photo: Condor Flugdienst Boeing 767-330 ER WL D-ABUF (msn 26985) FRA (Bernhard Ross). Image: 948404.

Condor aircraft slide show:

BALPA: Thomas Cook German subsidiary (Condor) is rescued while UK staff and holiday makers suffer

BALPA has released this statement:

BALPA has learnt that Condor, the wholly owned German airline subsidiary of Thomas Cook, is being given six months financing by its Government to secure its own rescue deal. Despite its parent and UK subsidiaries going into liquidation on Monday morning, Condor was given £350m capital to continue to operate.

BALPA General Secretary, Brian Strutton, said:

“Good luck to the Condor staff and customers. But with UK holidaymakers stranded and 9,000 staff out of a job, the Thomas Cook directors need to explain why the UK airline had to be closed but the German one was allowed to continue to operate. How was it funded, because it seems there is nothing left in the coffers for UK staff? And why couldn’t the UK government give the same kind of bridging support as the German government when it was well known that Thomas Cook had a Chinese buyer lined up? It’s a national scandal.”

Condor made this announcement on social media:

4.900 Condor employees are more than thankful and would like to extend their gratitude to the government of Germany and the federal state of Hessen for granting the bridging loan. We want to thank our customers, partners and everyone else who supports Condor.