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Airlines

Poland's LOT Withdraws From Deal to Buy German Airline Condor

Dennis Schaal photo
Alicja Ptak

Skift Take

It appears as though Condor, previous part of the collapsed Thomas Cook, may get nationalized by the German government. Is Condor too big to fail? Not really.

The owner of Poland's national airline LOT said on Monday it had pulled out of a deal to buy German rival Condor, raising the prospect of Berlin nationalizing the troubled business. Two weeks ago sources familiar with the matter said Germany was ready to take over Condor as it expected the deal with LOT to collapse due to the industry turmoil caused by the coronavirus pandemic. State-run Polis

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