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I UNDERSTAND
English Section

Poland’s LOT agrees deal to buy German airline Condor

24.01.2020 12:43
Poland’s national airline LOT has agreed a deal to take over German carrier Condor, the Polish prime minister told reporters on Friday.
Polish Prime Minister Mateusz Morawiecki gives a news conference in Warsaw on Friday.
Polish Prime Minister Mateusz Morawiecki gives a news conference in Warsaw on Friday.Photo: PAP/Paweł Supernak

He hailed the planned acquisition as “proof of the strength of the Polish economy.”

The state-owned Polish Aviation Group (PGL), the owner of LOT, said in a statement that “Condor will become the centre of PGL’s leisure strategy with a focus on growth in Germany as well as adjacent markets, building one of the leading European leisure airlines.”

Condor is a former subsidiary of failed tour operator Thomas Cook.

Poland's LOT said last month it carried more than 10 million passengers in 2019.

(gs)

Source: IAR, polsatnews.pl