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Berlin to decide on loan for Thomas Cook's Condor within next days - Minister

Tue, 24th Sep 2019 09:33

BERLIN, Sept 24 (Reuters) - The German government will
decide within the next coming days on whether to offer financial
support to Condor, the German airline owned by insolvent British
travel operator Thomas Cook, German Economy Minister
Peter Altmaier said on Tuesday.

"It is very important that we apply the usual procedure,"
Altmaier told journalists in Berlin, adding that a request
Condor has filed for a bridging loan is currently being examined
by the German government.

Condor's problems are not home-made but caused by its
parent, the minister added.

The British government opted against bailing out Thomas Cook
as it would have been a waste of taxpayers' money to throw good
money into a business that was not meeting the needs of its
customers, a British minister said earlier on Tuesday.
(Reporting by Tassilo Hummel, editing by Riham Alkousaa)

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