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LOT Polish Airlines Bails Out Of Condor Airlines Deal

by Steve Case
Last updated April 13, 2020

It seems like last September was an eternity ago when Thomas Cook Travel collapsed.  Thomas Cook Travel owned and operated Thomas Cook airlines along with Condor Airlines.  Condor Airlines continued to fly after the demise of Thomas Cook while looking for a lifeline, you can read that story here.  It flys as a Germany-based business.

Condor is a unique airline that has occupied a niche in the leisure airline market.  It has been around for decades flying as a stand-alone and charter carrier.

a white and yellow airplane flying in the sky
Condor Boeing 757-300. Photo credit: Condor Airlines

LOT Polish Airlines To The Rescue

Back in January, LOT Polish Airlines agreed to purchase Condor agreed for $327 million USD.  The idea was to create a large European airline group that would carry 20 million passengers per year.  

a map of the world with yellow dots
Condor Airlines city map.  Image credit: Condor.

In a story by Reuters, the deal by Polish Aviation Group (PGL) which owns LOT Polish has pulled out of the deal.  In an email to Reuters:

“I confirm that PGL informed Condor today about its withdrawal from the purchase of this company. We don’t provide any more information at this stage,” PGL communications director Katarzyna Majchrzak said in an email to Reuters.

It looks like Condor, the victim of the Thomas Cook bankruptcy is now the victim of the COVID-19 crisis of travel restrictions and social distancing.  The last thing that LOT Polish needs right now is the purchase of more aircraft it can’t fly and employees that can’t work due to the aviation slowdown.  

What’s Next For Condor

Summer is very important for many European airlines as this revenue usually carriers them through the winter months.  Condor was preparing to begin new service to Mediterranian and Atlantic  tourist markets this summer from Berlin-Schönefeld (SXF):

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Canary Islands:

  • Gran Canaria (LPA): Wednesdays and Sundays
  • Fuerteventura (FUE): Thursdays and Saturdays
  • Tenerife (TFS): Mondays and Fridays

Greece:

  • Heraklion (HER): Mondays and Thursdays
  • Rhodes (RHO): Saturdays
  • Samos (SMI): Tuesdays

Italy:

  • Olbia (OLB): Wednesdays and Sundays

Germany had anticipated a pullout by LOT Polish.  Right now, Germany is ready to take over Condor.  The German government must now consider nationalizing Condor for the airline to stay alive.  

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    You Can Now Redeem Alaska Miles on Condor Airlines

About Steve Case

Steve is a life-long avgeek and a points and miles player. The photo is from my first premium, international award flight in 2012. That is all it took, I was hooked. I used my airline mile and hotel points to travel well and cheap. I am truly an "out-of-the-box" traveler which has enriched my travel experiences.

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