Condor expects a price explosion from 2027

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Publication of April 14, 2022 – 22:29

And yet, the first state loan was already available before the Corona crisis. And yet, the entire state loan was not repaid.

So yes, the bankruptcy was caused by entrepreneurship, unlike LH and yes, the aid was not repaid as successfully as LH or TUI.

So what else needs to be discussed here? The situations are not comparable. Condor fans can still count on him and argue with Lh. It is not comparable. Spot.

Publication of April 14, 2022 – 22:01

Thank you.

To prevent liquid funds from being charged by the then insolvent parent company. Because then the LBA would have had to withdraw the AOC immediately.

But you could read everywhere. And well explained, even for specialists in non-aeronautical law.

You can also read the linked Spiegel article:

“The German insolvency law allows companies in difficulty to stabilize themselves in several ways. On the one hand, it is about preventing asset outflows and ensuring that something is left for creditors. On the other hand, the insolvency law should also give companies the opportunity to reopen lift the legs.

The protective shield procedure, which Condor has now opted for, has existed in bankruptcy law since 2012. It should probably also encourage companies to tackle restructuring on time. The biggest advantage of this procedure is that it is much more positively perceived than ordinary insolvency proceedings, says bankruptcy law expert Adrian Bölingen of consultancy Baker Tilly. Because if the court allows the protective shield procedure, the management can remain in office and thus maintain control of the situation. Next, you must draw up an insolvency plan within a certain period. The court appoints a trustee who oversees the management. But the company can propose this administrator by itself. Unlike a bankruptcy administrator, he does not have absolute power of disposal.”

And the Condor management handled it very well.

Publication of April 14, 2022 – 20:00

To prevent liquid funds from being charged by the then insolvent parent company. Because then the LBA would have had to withdraw the AOC immediately.

But you could read everywhere. And well explained, even for specialists in non-aeronautical law.

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