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ARTICLE · 16 MAY 2025

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The European Commission approved €321.3 million in restructuring aid granted by Germany to Condor to enable its return to viability.

IrelandEnergy and Natural Resources
Arthur Cox
Arthur Cox
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APPROVAL OF CONDOR RESTRUCTURING AID

The European Commission approved €321.3 million in restructuring aid granted by Germany to Condor to enable its return to viability. This plan was annulled by the General Court on 8 May 2024, on the grounds that the Commission had not assessed whether Germany received sufficient remuneration for the debt write-offs granted. Upon reassessment, the Commission found that Condor is implementing comprehensive restructuring measures to ensure long-term viability, and the aid is accompanied by sufficient safeguards to limit competition distortions in internal markets. Condor filed for insolvency in 2019 due to the liquidation of its parent company, Thomas Cook Group.

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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