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Clement Charpentreau

Germany considers Condor nationalization after Polish sale fails

The German government could be on the verge of nationalizing the Condor, a former subsidiary of the late Thomas Cook group. The airline was initially supposed to be acquired by the owner of LOT Polish Airlines, but the agreement reportedly fell through....


Rytis Beresnevicius

Europe’s airline graveyard: carriers that went burst since 2019

While Flybe bankruptcy came as a surprise to many, the regional carrier is joining a list that is getting less and less surprising, as many more carriers have announced their bankruptcy since 2019....


Clement Charpentreau

Thomas Cook: Condor taken over by LOT Polish airlines

The Polish airline LOT has demonstrated its ambition of joining Europe’s big aviation groups league by announcing its intention to acquire Condor, the former subsidiary of the bankrupt tour operator Thomas Cook. Following the collapse of its parent company in September 2019, the German leisure airline managed to maintain its flights up until now thanks to a public loan....


Rytis Beresnevicius

Top 5 bankrupt airlines in 2019

While bankruptcies in the aviation industry is nothing new, 2019 saw several high-profile insolvency cases throughout the year, including such airlines as Jet Airways, WOW Air and Thomas Cook Airlines:...


Rytis Beresnevicius

European Commission approves €380 million loan to Condor

A crucial loan to secure the former Thomas Cook subsidiary, Condor future has been approved by the European Commission. However, the EC has laid out some ground rules in order to keep fair competition intact:  ...


Ruta Burbaite

Operation Matterhorn: Thomas Cook customers flown home on A380

Following the announcement of Thomas Cook’s bankruptcy on September 23, 2019, more than 600,000 holidaymakers found themselves without return flights home. The collapse of the tour operator left British authorities with a major task of repatriating more than 150,000 of its citizens. In response, the Civil Aviation Authority launched the UK's largest repatriation operation back to Britain in peacetime, known as "Operation Matterhorn...


Clement Charpentreau

Thomas Cook goes bankrupt, 600,000 people stranded

British tour operator Thomas Cook declared bankruptcy after negotiations with creditors and Chinese shareholder Fosun failed. The company will go into "liquidation with immediate effect", leaving more than 600,000 customers stranded....


AeroTime Team

Fosun to take 25% of Thomas Cook Airlines

Fosun Tourism Group to acquire 25% of Thomas Cook Airline and 75% equity of the same company’s tour operator. ...


AeroTime Team

Halloween Brexit sparks shares jump for airlines

After the European Union (EU) have agreed to delay Brexit date to Halloween, UK-based airlines saw their shares jump up....


AeroTime Team

AviaAM Leasing sells two Airbus A321s

AviaAM Leasing, a global aviation holding company engaged in commercial aircraft acquisition, leasing, and sales, announces a sale of two Airbus A321-211.  The aircraft are sold with lease attached to an undisclosed global private equity investor....