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Thomas Cook's Condor CEO open for strategic investors, private equity - Zeit

Thomas Cook's Condor CEO open for strategic investors, private equity - Zeit
FILE PHOTO: A Thomas Cook Scandinavia Airbus A330 plane takes off from Las Palmas in the Canary Islands, Spain, September 25, 2019.REUTERS/Borja Suarez Copyright  BORJA SUAREZ(Reuters)
Copyright BORJA SUAREZ(Reuters)
By Reuters
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BERLIN (Reuters) - Thomas Cook's German airline Condor will eventually have a new owner, which could be a strategic or private equity investor, Condor's CEO Ralf Teckentrup was quoted as saying by German weekly Die Zeit on Tuesday.

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Thomas Cook, the world's oldest tour operator, collapsed last month, hitting hotel owners, tourist sites and resorts around the world.

German economy minister said last week the government would guarantee a 380 million euro ($414 million) bridging loan for Condor to enable it to continue flying and save jobs.

(Reporting by Thomas Seythal)

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