FlyerTalk Forums - View Single Post - Condor (DE) Partnership (Announced 3/20/2017)
Old May 23, 2019, 7:36 am
  #237  
sfozrhfco
 
Join Date: Apr 2003
Programs: B6 Mosaic, Bonvoy LT Titanium (x SPG LT), IHG Spire, UA Silver
Posts: 5,856
The biggest risk right now is that the 300 million pound loan keeping them afloat is conditional on them getting a good price for the airline sale. With their debt rating further cut today combined with overcapacity in the European markets, competitors may just wait for it to fall apart rather than buy something they could pick up for a cheaper and cheaper price the longer they wait. So it is going to be a crazy few weeks for them to see who blinks first.
sfozrhfco is offline