German charter airline Condor has been granted EU Commission permission to accept German state aid bailout funding following the collapse of Thomas Cook.
Condor Flugdienst continues flying as it seeks urgent funding following the collapse of parent, Thomas Cook Group. © Gerard van der Schaaf
The fallout from the failure of Thomas Cook is continuing to affect associated travel agents across Europe, whilst German airline Condor also faces uncertainty.
Thomas Cook is in a desperately bad position this evening, with many concerned that the company will not make it through the weekend.
Despite a campaign of positivity by Thomas Cook on social media, the company filed for bankruptcy protection in the United States yesterday, triggering a potentially damaging meeting tomorrow.
Nearly two years since the collapse of Monarch Airlines, another major UK holiday carrier is standing at the edge of the abyss as Thomas Cook scrambles to secure vital funding.