A banner of British travel firm Thomas Cook is seen at Punta Cana's international airport, in the Dominican Republic, on September 23, 2019. - British travel firm Thomas Cook, both a tour operator and an airline, collapsed on Monday leaving hundreds of thousands of holidaymakers stranded worldwide and sparking the UK's biggest repatriation since World War II. (Photo by Erika SANTELICES / AFP)
FRANKFURT: Frankfurt-based airline Condor’s request for emergency financing was granted by the German government in a bid to get the tourist carrier through the winter after the demise of U.K. parent Thomas Cook Group Plc.
The credit worth 380 million euros ($420 million) must be approved by the European Commission and will be valid for six months, according to the airline, which has around 5,000 employees. Some 240,000 tourists are currently relying on Condor to get back to Germany from vacation, according to Germany’s Economy Ministry.
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