Tag Archives: Condor

Condor is approved by the EC for a $596 million loan

Condor has received approval from the European Commission (EC) for a €550 million ($596 million) German state-guaranteed loan that will partially cover the airline’s losses during the coronavirus pandemic.

Condor aircraft photo gallery:

Thomas Cook Aviation files for insolvency, 7 aircraft parked

Thomas Cook Aviation, former Air Berlin Aviation and Air Berlin Aeronautics, filed for insolvency (bankruptcy) after Condor cancelled the wet-lease contract with Thomas Cook Aviation (original contract was due to expire on December 31, 2021).

All flights have stopped and seven aircraft (5 A321s and 2 A320s) are now parked at Düsseldorf and Leipzig. All were operated for Condor in the Condor livery.

The airline was established in October 2017 as Air Berlin Aviation GmbH and was taken over by the Thomas Cook Group in order to facilitate rapid growth in Germany after the Air Berlin bankruptcy.

The Thomas Cook Group previously declared bankruptcy in September. However Thomas Cook Aviation continued onward until today.

Reuters: Germany is ready to nationalize Condor, operates repatriation flights

From Reuters:

“The German government stands ready to take over Condor as a deal for the airline to be bought by Polish rival LOT is likely to collapse in the industry turmoil caused by the coronavirus crisis, several people familiar with the matter told Reuters.

LOT agreed in January to buy Condor for about 300 million euros ($328 million) to create a leading European aviation group with more than 20 million passengers a year.

Above Copyright Photo: Rainer Bexten. Condor aircraft parked at Dusseldorf.

But with planes unable to fly because of travel restrictions, compounded by a plunge in demand over fears of contagion, airlines worldwide have grounded most of their fleets, and many have said they need government support to survive.

Last week, airlines urged governments to speed up bailouts to rescue the air transport industry, as they doubled their estimate of 2020 revenue losses from the health crisis to more than $250 billion.

LOT owner PGL has made completion of its takeover deal contingent on certain financial guarantees that the German government considers unacceptable, the sources said, adding no final decision on Condor’s immediate future had been taken.

“LOT has some issues with the deal financing”, one of the people said, while another said a government decision could come as early as this week.

Condor said it was in talks with all parties involved and no decision had been made yet, declining to comment further. PGL and the German economy ministry declined to comment.

Nationalizing Condor would only be for a limited time as Germany aims to restart a sales process as soon as the stranglehold on the travel industry from the coronavirus pandemic has eased, the sources said.”

In other news, Condor made this announcement:

 

Condor has brought almost 67,000 guests back to Germany in the past two weeks. As part of the Federal Foreign Office Airlift and in cooperation with tour operators, Germany’s most popular holiday airline is thus supporting the largest return fligh it operation German history. The return flight schedule of #homewithcondor continues to include classic tourist destinations such as Cuba and the Canary Islands, but also destinations that Condor does not actually fly to, such as Bali, Guatemala, Sri Lanka, Honduras, Nicaragua, Thailand – and even Australia.

Tomorrow morning on Monday morning, a total of four Boeing 767s will land in Australia from Condor in Perth. More than 800 cruise passengers are on board, which Condor will bring home with a stopover in Phuket in close cooperation with the tour operator. The pure flight time from Perth to Frankfurt is expected to be around 20 hours.

For these special flights, the holiday airline has recently set up an aircraft and crew hub in Phuket, Thailand. Condor is also working flat out on further special flights to the Asia-Pacific, South America and Caribbean regions for the coming week, which will be continuously updated in the return flight schedule for the next 72 hours on www.condor.com/travel-updates.

“The largest return flight in the history of the Federal Republic of Germany is also a tour de force for Condor. Almost all the aircraft are in the air to bring as many guests home as possible as quickly as possible. At this point, I would like to pay a big compliment and my greatest respect to the German Foreign Office, which is coordinating this return operation, the tour operators – and of course to the Condor teams on the ground and in the air,” says Ralf Teckentrup, CEO of Condor. “We will also be operating further special flights this week and will maintain our own regular flight schedule with the destinations Seattle, Palma de Mallorca, Tenerife, Gran Canaria and Jerez de la Frontera, which will ensure basic infrastructural services”.

Seattle is connected to more than 30 cities in the USA, such as Los Angeles or San Francisco, via the long-standing Condor partner airline Alaska Airlines, so that guests can start their journey home to Germany without any complications and US Americans who urgently need to get home from Europe can also fly on via Seattle.

Guests who are still abroad are asked to register with the German Foreign Office or at www.condor.com/fly-home. For all guests with a scheduled departure by April 30, 2020, Condor offers, among other things, a free rebooking of their ticket to any destination in the route network of Condor and its partner airlines at a time of their choice. If you do not want to commit to a date yet, you do not have to. This also applies to passengers with tickets to countries whose entry restrictions have not been extended.

Out of consideration for particularly urgent requests from guests abroad, we still ask that you only contact customer service if the original flight would have taken place within the next 72 hours, or if the respective guest is still abroad.

Condor aircraft photo gallery:

Polish Aviation Group (PGL), the owner of LOT Polish Airlines, announces the acquisition of Condor

Polish Aviation Group (PGL), the owner of LOT Polish Airlines (LOT), announces the acquisition of Condor, putting a successful end to the protective shield proceedings.

  • PGL will ensure continued stability and certainty for customers, partners and employees
  • The combination of LOT and Condor within PGL creates one of the leading European aviation groups with Germany and Poland as core markets
  • Condor will become the centre of PGL’s leisure strategy with a focus on growth in Germany as well as adjacent markets, building one of the leading European leisure airlines
  • Going forward, Condor will continue to operate under the leadership of its successful management team and with its own brand as Germany’s most popular leisure airline, offering the same quality, service and reliability to its customers
  • The bridge financing provided by the KfW and guaranteed by the German Federal Government and the State of Hessen will be repaid in full

“The acquisition of Condor fits perfectly into PGL’s strategy. It also secures the future of Condor and offers stability and great opportunities to its employees, customers and business partners. We want to develop Condor’s iconic brand in Germany and also introduce it to other markets in Europe. We wholeheartedly welcome all Condor employees to the PGL family and invite them to build together one of the greatest aviation groups in Europe,” says Rafał Milczarski, President of the Management Board of PGL.

 

“We are pleased that Condor, Germany’s most popular leisure airline, has gained in PGL and LOT stable, experienced and dynamically developing partners who secure the future of our business. Together we will serve twice as many passengers, thus forming one of the largest aviation groups and the leading leisure airline group in Europe. Our partners and customers can safely plan their holiday flights with Condor,” says Ralf Teckentrup, Chief Executive Officer Condor.

The combination of LOT and Condor will create one of the leading European aviation groups carrying about 20 million passengers per year. Condor will continue to act under its current leadership while gaining from expanded connectivity and operational synergies between the airlines. Condor customers will continue to benefit from the quality, service and reliability of Condor, which have made the company the premier brand for leisure travel and the preferred partner for tour operators in Germany and beyond.

 

The offer to acquire Condor submitted by PGL has been selected as the most attractive for Condor, its employees, partners, suppliers and customers. The transaction is expected to close by April 2020 once customary antitrust approvals are obtained and Condor exits the protective shield proceedings. PGL’s investment will allow Condor to fully repay the loan received from KfW.

 

PGL is the leading aviation company in Central and Eastern Europe. PGL owns LOT Polish Airlines – one of the oldest and fastest growing carriers in Europe, with two dynamically developing hubs in Warsaw and Budapest. LOT operates on more than 120 routes with a strong footprint in Central and Eastern Europe, including 18 long-haul connections to North America and Asia. In 2019, LOT carried more than 10 million passengers, more than twice as many as 4 years before. It operates a fleet of 80 aircraft including 15 Boeing 787 Dreamliners. PGL group generated revenues of around 1.9 billion euros in 2019.

 

Condor has been flying its guests to the most beautiful holiday destinations in the world since 1956. Every year, around 9.4 million passengers fly with Condor from eight German airports to around 90 destinations in Europe, Africa and America. In the 2018/19 financial year, Condor Flugdienst generated an operating profit of around 57 million euros and sales of around 1.7 billion euros. Condor operates a fleet of more than 50 aircraft, which are maintained by its subsidiary Condor Technik according to the highest safety standards at its Frankfurt and Düsseldorf locations. According to a survey conducted by the German Institute for Service Quality on behalf of the news channel n-tv, Condor has repeatedly been named Germany’s most popular holiday airline for many years.

Condor Flugdienst issued this statement:

  • Polish Aviation Group (PGL), the owner of LOT Polish Airlines (LOT), announces the acquisition of Condor, putting a successful end to the protective shield proceedings
  • PGL will ensure continued stability and certainty for customers, partners and employees
  • The combination of LOT and Condor within PGL creates one of the leading European aviation groups with Germany and Poland as core markets
  • Condor will become the centre of PGL’s leisure strategy with a focus on growth in Germany as well as adjacent markets, building one of the leading European leisure airlines
  • Going forward, Condor will continue to operate under the leadership of its successful management team and with its own brand as Germany’s most popular leisure airline, offering the same quality, service and reliability to its customers
  • The bridge financing provided by the KfW and guaranteed by the German Federal Government and the State of Hessen will be repaid in full

“The acquisition of Condor fits perfectly into PGL’s strategy. It also secures the future of Condor and offers stability and great opportunities to its employees, customers and business partners. We want to develop Condor’s iconic brand in Germany and also introduce it to other markets in Europe. We wholeheartedly welcome all Condor employees to the PGL family and invite them to build together one of the greatest aviation groups in Europe,” says Rafał Milczarski, President of the Management Board of PGL.

“We are pleased that Condor, Germany’s most popular leisure airline, has gained in PGL and LOT stable, experienced and dynamically developing partners who secure the future of our business. Together we will serve twice as many passengers, thus forming one of the largest aviation groups and the leading leisure airline group in Europe. Our partners and customers can safely plan their holiday flights with Condor,” says Ralf Teckentrup, Chief Executive Officer Condor.

The combination of LOT and Condor will create one of the leading European aviation groups carrying about 20 million passengers per year. Condor will continue to act under its current leadership while gaining from expanded connectivity and operational synergies between the airlines. Condor customers will continue to benefit from the quality, service and reliability of Condor, which have made the company the premier brand for leisure travel and the preferred partner for tour operators in Germany and beyond.

The offer to acquire Condor submitted by PGL has been selected as the most attractive for Condor, its employees, partners, suppliers and customers. The transaction is expected to close by April 2020 once customary antitrust approvals are obtained and Condor exits the protective shield proceedings. PGL’s investment will allow Condor to fully repay the loan received from KfW.

PGL is the leading aviation company in Central and Eastern Europe. PGL owns LOT Polish Airlines – one of the oldest and fastest growing carriers in Europe, with two dynamically developing hubs in Warsaw and Budapest. LOT operates on more than 120 routes with a strong footprint in Central and Eastern Europe, including 18 long-haul connections to North America and Asia. In 2019, LOT carried more than 10 million passengers, more than twice as many as 4 years before. It operates a fleet of 80 aircraft including 15 Boeing 787 Dreamliners. PGL group generated revenues of around 1.9 billion euros in 2019.

Condor has been flying its guests to the most beautiful holiday destinations in the world since 1956. Every year, around 9.4 million passengers fly with Condor from eight German airports to around 90 destinations in Europe, Africa and America. In the 2018/19 financial year, Condor Flugdienst generated an operating profit of around 57 million euros and sales of around 1.7 billion euros. Condor operates a fleet of more than 50 aircraft, which are maintained by its subsidiary Condor Technik according to the highest safety standards at its Frankfurt and Düsseldorf locations. According to a survey conducted by the German Institute for Service Quality on behalf of the news channel n-tv, Condor has repeatedly been named Germany’s most popular holiday airline for many years.

Condor will retain its brand and name.

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:

Condor thrives and expands despite the Thomas Cook demise

Condor Flugdienst reported its financial performance for the fiscal year ending on September 30, 2019.

Despite the failure of Thomas Cook (UK), the German airline is thriving.

With tight cost controls, the operating profit increased by 32.4 percent for the fiscal year.

The airline issued this statement:

Condor Flugdienst GmbH improved its key figures for the Financial Year 2018/19 (ending 30 September 2019) despite a difficult second half year:

With disciplined cost management, the operating profit (EBIT) increased by 32.4 percent on a year-on-year comparison to 57 million EUR. The number of passengers carried increased by 4.5 percent to 9.4million (+6.9 percent) with increased capacity. Despite a long sunshine period in summer 2019, Condor achieved a six percent increase in revenue to 1.7 billion EUR with stable yields and a stable seat load factor of around 90 percent.

Ralf Teckentrup, CEO of Condor Flugdienst GmbH, was highly satisfied with this result: “We are an operationally healthy and profitable company. Our key figures and the further increase in profit underline this. Condor is thus further expanding its market leadership in the leisure airline business”.

At the end of September, Condor entered into a so-called preliminary protective shield procedure in order to release itself from joint liabilities from the insolvent former parent company Thomas Cook Group plc. This gives the company full independence from the Thomas Cook Group plc and at the same time more security for its own future. The federal government of Germany and the state government of Hesse have granted Condor a state-guaranteed bridging loan of 380 million EUR. In a structured bidding process, strategic and financial investors are showing high interest in Condor.

Bookings above expectations

Ralf Teckentrup continues: “The current booking trend is currently exceeding expectations. This is also a clear sign of confidence on the part of tour operators, travel agencies and our direct customers”. The loss of passengers from Thomas Cook Germany of around 15 percent is being compensated for by a strong demand.

Meanwhile, Condor was able to expand its range of routes with the new summer destinations on short- and medium-haul routes, such as Paphos (Cyprus), Tivat (Montenegro) and Toulon (France). Further destinations are currently under review.

One of the most punctual airlines in Europe

Condor is one of the most punctual airlines in Europe. With numerous measures agreed at the Aviation Summit in Hamburg in March 2019, the punctuality was improved after the difficult summer of 2018. In the 2018/19 business year, around 80 percent of all Condor flights took off on time. The relevant share of longer delays was reduced to a historic low.

Tight cost management

Condor’s profitable development is also based on its ongoing focus on strict cost and profit improvement measuresx. On the basis of Financial Year 2016/17, profit improvements totalling around 54 million EUR were achieved. The basis was a reduction in Condor’s own stations from twelve to eight as well as a number of measures to increase operational efficiency. These include, for example, improved maintenance through better material supply and purchasing processes, optimised planning and production processes through further standardisation and measures to improve technical reliability. In addition, ancillary revenues per passenger were increased by 18 percent.

Outlook

Ralf Teckentrup continued: “I am confident that after the exit from the protective shield procedure in spring 2020 we will be able to further strengthen our position as Germany’s most popular holiday airline. Around 5,000 Condor employees are grateful for the trust and great encouragement we have received from all sides. The Condor team is highly motivated to take further important steps together to secure our future. We would like to thank all our customers, sales and business partners and all those involved for always believing in us and supporting us, even in difficult times”.

The airline is also expanding for next summer. Condor will take off with full speed in summer 2020 and expands its summer flight schedule by two new destinations.

The leisure airline will take off to new destinations in Montenegro and, for the first time, the Côte d’Azur.

In addition, Condor is increasing some of its existing frequencies to Greece, Mallorca and the Canary Islands. The summer flight schedule starts on May 1, 2020.

New from Frankfurt to Toulon in France and Tivat in Montenegro

In addition to the new destination Paphos in Cyprus, Condor is heading for two new destinations in summer 2020: Toulon at the Côte d’Azur and Tivat in Montenegro. Lovers of France will be leaving Frankfurt three times a week for the port city with its French lifestyle, delicious cuisine and dreamy sandy beaches between Saint-Tropez and Cassis. It is the ideal starting point for an onward journey to Provence.

Also new in the summer flight schedule is Tivat in Montenegro. The port city on the Montenegrin coast complements the existing Condor destinations in the region, Split and Dubrovnik. Montenegro is an insider tip for Adria lovers: The bay of Kotor with its fjord-like basins offers an impressive sight especially for nature-loving holidaymakers. Condor will set sail for Tivat twice a week from Frankfurt in summer 2020.

  • Toulon (TLN), Wednesday, Friday, Sunday, from 59.99 EUR
  • Tivat (TIV), Tuesday, Friday, from 59.99 EUR

From Germany nonstop to the Greek islands

Condor guests will be able to reach the two Greek islands of Mykonos and Santorini conveniently nonstop in summer 2020. The leisure airline brings its guests from Düsseldorf, Frankfurt and Munich to Mykonos in the Aegean Sea once a week. Also non-stop from Düsseldorf, Frankfurt and Munich, Condor will fly twice a week to the island of Santorini, which is popular for its typically picturesque white houses with blue roofs.

Likewise, Condor also flies to Paphos in Cyprus and takes off on Mondays and Fridays from Frankfurt, Munich, Düsseldorf and Leipzig. Flights are already bookable as of 99.99 euros.

Germany’s most popular leisure airline also offers a new weekly flight from Stuttgart to Samos. The Greek island will also be approached from Frankfurt, Düsseldorf, Munich and Hanover.

Condor flies to a total of 17 destinations in Greece from seven German departure airports.

  • Mykonos (JMK), from FRA + DUS: Wednesday and from MUC: Saturday, from 89.99 EUR
  • Santorini (JTR), from FRA: Tuesday and from DUS + MUC: Tuesday, Friday, from 89.99 EUR
  • Paphos, from FRA, DUS, MUC + LEJ: Monday and Friday, from 99.99 EUR
  • Samos, from FRA, DUS, HAJ, MUC + STR: Sunday, Tuesday, Friday, from 89.99 EUR

Summer holiday under the Canary sun

Condor currently flies to the Canary Islands of Gran Canaria, Tenerife and Fuerteventura several times a week from Düsseldorf, Frankfurt, Hanover, Hamburg, Leipzig, Munich and Stuttgart. In summer 2020, Condor will be offering its guests additional flight days from the airports of Düsseldorf, Frankfurt, Hamburg and Munich, so that guests of the leisure airline can reach the popular holiday islands even more often. The Canary Islands offer is completed by four weekly flights to La Palma and eleven weekly flights to Lanzarote.

  • Gran Canaria (LPA), from DUS + FRA: Wednesday, Thursday, Saturday, Sunday and from HAM + MUC: Wednesday, Saturday, Sunday, from 99.99 EUR
  • Tenerife (TFS), from DUS + FRA: Monday, Wednesday, Friday, Saturday, Sunday and from HAM + MUC: Monday, Wednesday, Friday, from 109.99 EUR
  • Fuerteventura (FUE), from DUS + FRA: Monday, Tuesday, Thursday, Friday, Saturday and from HAM: Monday, Tuesday, Thursday, Saturday, as well as from MUC: Tuesday, Thursday, Saturday, from 109.99 EUR

The focus of the 2020 summer flight schedule on short- and medium-haul flights is clearly on the Mediterranean and the Canary Islands. To cover this, Condor has rescheduled capacity from Turkey, Tunisia and Italy to other destinations.

Condor aircraft photo gallery:

 

Condor reassures the public it is profitable and will continue to fly

Condor Flugdienst issued this additional statement:

Condor flights will continue its flight operations despite the fact that its parent company Thomas Cook Group plc has filed for insolvency.

Thomas Cook Group plc, the previous parent company, had to file for insolvency on 23 September 2019. Despite intensive efforts, the Group was unable to obtain refinancing from Fosun, banks and creditors. Condor continues to operate as a German company. In order to prevent liquidity constraints Condor has applied for a state-guaranteed bridging loan, which is currently under review by the Federal Government.

Germany’s most popular leisure airline has been profitable for many years and brings over eight million guests annually to over 100 destinations worldwide.

“Condor has specialized in holiday flights for over 60 years and is the first airline of choice for many leisure travelers. The reason for this, besides a large destination network, is an excellent product at an attractive price and an outstanding sales network throughout the travel and tourism industry,” said Ralf Teckentrup, CEO of Condor. “We will continue to concentrate on what we do best: flying our customers to their holidays safely and on time.”

However Bloomberg is reporting Germany is considering a bridge loan to Condor.

Lufthansa meanwhile remains silent on its previous bid for Condor.

 

Lufthansa to bid for Thomas Cook’s Condor Flugdienst

Condor Flugdienst-Thomas Cook Boeing 757-330 WL D-ABOL (msn 29021) AYT (Ton Jochems). Image: 946462.

Lufthansa is prepared to make an offer for Condor Flugdienst from the Thomas Cook Group according to Reuters. It will also offer an option to acquire the other Thomas Cook airlines.

Read the full story from Reuters: CLICK HERE

Top Copyright Photo: Condor Flugdienst-Thomas Cook Boeing 757-330 WL D-ABOL (msn 29021) AYT (Ton Jochems). Image: 946462.

Condor aircraft slide show:

Condor’s new Airbus A320 retrojet

Condor's 1961 retrojet livery

Condor Flugdienst has painted the pictured Airbus A320 D-AICH (above) in the 1961 retrojet livery. This mimics the same livery previously painted and worn on Airbus A320 D-AICA which is now leased to Air Transat in their colors.

Above Photo: Condor/Marlin Lehmann.

Similarly Boeing 767-31B ER D-ABUM is painted in the 1963 retrojet livery.

Copyright Photo: Condor Flugdienst Airbus A320-212 D-AICH (msn 971) (1961 retrojet) FRA (Marcelo F. De Biasi). Image: 946237.

Condor aircraft slide show:

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Thomas Cook Group will offer a larger fleet for the Summer 2019 schedule, Thomas Cook to introduce new “flat beds”

Condor Flugdienst-Thomas Cook Airbus A321-211 WL D-AIAG (msn 6590) AYT (Andi Hiltl). Image: 945978.

The Thomas Cook Group made this announcement:

•Group Airline with a total of four additional short- and medium-haul aircraft compared to summer 2018
•Three further Airbus A321s in service for Condor as of early summer, one additional A321 to take-off for Thomas Cook Airlines UK
•105 aircraft in UK, Scandinavia, Spain and Germany

The Thomas Cook Group Airline is taking delivery of two additional Airbus A321 aircraft, which will be added to the Condor fleet for the 2019 summer flight schedule. The jets will be in service for Thomas Cook Airlines UK from winter 2019/20 afterwards. The Group Airline recently announced to include two further Airbus A321 for summer 2019, and will have a total of 105 aircraft then. Its short- and medium-haul fleet has been expanded by four additional own aircraft in total compared to the previous year.

Two Airbus A321s fly for Condor and are stationed in Leipzig and Hanover in summer 2019. In Leipzig, Condor is significantly increasing capacity with around 100,000 additional seats to the Mediterranean, the Canary Islands, Turkey and Egypt. Another A321 is flying in Germany as well, the fourth airplane completes the A321 fleet of Thomas Cook Airlines UK.

The fleet growth is a clear sign for the Group Airline’s focus on operational stability during high season: “Using additional aircraft of our own is another measure to live up to our quality promise next summer, even during the high season”, says Christoph Debus, Chief Airline Officer of the Thomas Cook Group. With the additional aircraft, the Group Airline has further reserves available and has hired additional personnel on the ground and in the air. As part of an internal project, numerous other measures were implemented to ensure stable flight operations in the summer of 2019.

In other news, Thomas Cook Airlines (UK) on May 13 will introduce “flat beds” for its long-haul routes to the USA.

Video:

Top Copyright Photo: Condor Flugdienst-Thomas Cook Airbus A321-211 WL D-AIAG (msn 6590) AYT (Andi Hiltl). Image: 945978.

Condor aircraft slide show:

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