Sep 24, 2019

Thomas Cook collapse: German airline Condor seeks financial help

EPA Germany is considering issuing financial aid to the Condor airline after Thomas Cook declared bankruptcy. Condor has applied for a bridging loan from the federal government and is awaiting a response, with German media reporting the amount requested was €200m. Thomas Cook's collapse has reportedly left 600,000 tourists stranded, including tens of thousands of Germans. Condor has said it will not carry passengers who have booked with Thomas Cook or its subsidiaries. The Gambia's government has held an emergency meeting over the collapse of Thomas Cook. There is concern that its collapse will heavily impact tourism which contributes more than 30% of the Gambia's GDP. In Egypt, Thomas Cook operator Blue Sky said reservations until April 2020 have been cancelled.

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