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Headlines

EU approves €321.2 million aid for German airline Condor

Published by Global Banking & Finance Review

Posted on April 28, 2025

1 min read

· Last updated: January 24, 2026

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EU approves €321.2 million aid for German airline Condor

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EU Grants €321.2 Million Aid to German Airline Condor

BRUSSELS (Reuters) - The European Commission has approved €321.2 million in restructuring aid granted by Germany for Condor under EU State aid rules, it said on a statement on Monday.

The decision follows a May 2024 court ruling that annulled the Commission's earlier 2021 decision after Irish airline Ryanair challenged the 2019 government bailout of Condor. Last July, Condor said it was confident the EU would confirm authorization of the aid.

Condor, a German charter airline focused on leisure travel, filed for insolvency in 2019 after the collapse of its parent company, Thomas Cook. The aid aims to restore the airline’s long-term viability.

(Reporting by Charlotte Van Campenhout, Editing by Sudip Kar-Gupta)

Key Takeaways

EU approves €321.2 million aid for Condor.
Aid aims to restore Condor's long-term viability.
Decision follows a court ruling annulling previous aid.
Ryanair had challenged the 2019 bailout.
Condor filed for insolvency in 2019.

Frequently Asked Questions

What is the main topic?

The main topic is the EU's approval of €321.2 million in aid for German airline Condor to support its restructuring.

Why was the aid necessary?

The aid aims to restore Condor's long-term viability after it filed for insolvency in 2019 following the collapse of its parent company.

What was the court's role in this decision?

A court ruling in May 2024 annulled the EU's previous decision, prompting a reevaluation and eventual approval of the aid.

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