In the last few weeks it has become quiet around Condor. The reason for this is the protective shield procedure, which should enable the airline to search for investors unhindered. Condor would now like to leave this - without an investor in the luggage.

This Thursday, companies and creditors should meet again to discuss the future of the carrier. The curious thing about it: Condor brings an incomplete renovation concept into play. Because the airline still lacks an investor. If the creditors agree, a so-called trustee would take its place, specifically SG Luftverkehrsgesellschaft.

The previous management would remain in office and a new investor process should only start when the situation in the corona-plagued aviation industry has calmed down again, as the "Press“Reported. “That can be the case in 12, but also in 36 months,” said a company spokeswoman. The cabin union UFO does not expect a decision before the year 2025.

The comfortable limbo is made possible by a long-term loan from the state-owned KfW Bank of 550 million euros. With it, another, much shorter-term loan has been redeemed, which Condor was actually supposed to transfer into the lap of the Polish state airline Lot. But in the corona crisis, the Poles willing to take over got into trouble themselves and canceled the firmly agreed deal on Easter Monday. Let's see whether the “start of a new era” really succeeds.