![]() By investing in Condor, we are not only creating the foundation for a successful restart, but are also paving the way forward for the company’s long-term development into Europe’s leading charter airline. After successful restructuring, the company’s cost position is highly competitive. As the leader in the German leisure flight market, Condor is especially well-positioned to benefit when the tourism market picks up. Jan-Christoph Peters, founder and owner of Attestor: “Condor is a strong brand with a proven business model in an attractive market. And, going forward, that’s precisely what we will continue to do” says Ralf Teckentrup, CEO of Condor. Our employees have proven they are prepared to go the extra mile – not only for Condor, but also for our customers and partners. Our partnership will enable us, together with our other industry partners, to advance our vision of sustainable air travel, launch innovative products and drive forward digital transformation. “We are proud that we were able to convince Attestor of Condor as a traditional company with a 65-year history of providing quality holidays and excellent service. All 4,050 jobs at the airline and the company's own maintenance subsidiary Condor Technik will be retained. This will ensure the rapid ramp-up of flight operations after the Corona pandemic and will further enable the long-term development of Germany's most popular leisure airline under the strong Condor brand. Attestor invests 200 million euros of equity capital and will provide a further 250 million euros to modernize Condor’s long-haul fleet. – Condor’s future is secured: Asset manager Attestor acquires 51 percent of the company’s shares and sets the course for a secure future of Condor.
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