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The Condor takeover was called off due to the corona. Now the Polish government wants to put together a rescue package for LOT. Before the Corona crisis, the LOT parent PGL wanted to take over the German holiday airline Condor, but now the Polish Star Alliance member itself is stumbling heavily.
In full-page advertisements, Smartwings questions why the government does not provide loan guarantees. According to current information, the Czech aviation group Smartwings and its subsidiary CSA will not receive any state aid. Now the company is going on the offensive
In the eyes of the General Director of Austrian Airlines, an industry collective agreement is not a universal solution. The competition would then fly in the employees from abroad. Austrian Airlines boss Alexis von Hoensbroech is of the opinion that this was led by him
If there are not enough investors for a capital increase, the state will take over 61 percent of the shares. Nevertheless, around 6.000 employees have lost their jobs. In Israel, a possible re-entry of the state is currently looming
Condor has ten years to repay the government loan in the amount of 550 million euros, but they are currently not actively looking for a buyer. The airline Condor is currently
After public criticism, the Lufthansa subsidiary now wants to examine the amount of pension payments to a particularly privileged group. In the last few days it has come to light that Austrian Airlines has almost unnoticed provisions for 160 old pensions in the amount of
The shareholders, external investors and the administration of the Hong Kong Special Administrative Region are helping the financially troubled carrier. The public sector gets involved. The airline Cathay Pacific was already badly shaken before the corona pandemic, because
Largely satisfied with the rescue of the AUA, but state participation would have been better, according to the union. The GPA-DJP union sees the rescue package presented on Monday by the Austrian government for the Lufthansa subsidiary Austrian Airlines
The Lufthansa subsidiary Eurowings has expanded extremely rapidly in recent years. But that is over for the time being, because both the fleet and the workforce are to be reduced. In administration, 300 out of 1.000 jobs will be cut,
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