Condor (DE) Partnership (Announced 3/20/2017)
Dec 5, 2019, 11:04 pm
#331
Join Date: Apr 2003
Location: SEA, NW/DL 1.6Million Miler
Programs: DL 1MM Annual Silver,AS 100K 22-24, AS 75K 15-21
Posts: 4,278
Lots of availability to MUC
Just booked my condor flight to Germany. Lots of availability at lowest reward levels for nonstop SEA to MUC. Its a good time to book. 😎
Jiburi
Jiburi
Dec 14, 2019, 9:51 am
#334
Join Date: Nov 2002
Location: SEA/YVR/BLI
Programs: UA "Lifetime" Gold, AS MVPG100K, OW Emerald, HH Lifetime Diamond, IC Plat, Marriott Gold, Hertz Gold
Posts: 9,490
I just noticed a blog post that raised my eyebrows:
Condor Customers Who Still Have Customer Service Vouchers Or Outstanding Debt Should Register With The Insolvency Administrator For Refunds
AFAIK it's the parent company Thomas Cook in bankruptcy and Condor is continuing operations. I can find nothing to confirm this.
Comments?
Condor Customers Who Still Have Customer Service Vouchers Or Outstanding Debt Should Register With The Insolvency Administrator For Refunds
AFAIK it's the parent company Thomas Cook in bankruptcy and Condor is continuing operations. I can find nothing to confirm this.
Comments?
Dec 14, 2019, 11:08 am
#335
Join Date: Dec 2008
Location: Delta, BC
Posts: 1,646
From what I read, Condor is under a form of "Administration" or creditor protection under German law. Therefore, any debts it owes, including to consumers, may be voided unless that debt is registered with the insolvency administrator.
It seems some people are under the false impression that Condor business is operating under normal corporate control because its flight operations are continuing. Condor ownership needs to ultimately be transferred to a new party or be liquidated.
It seems some people are under the false impression that Condor business is operating under normal corporate control because its flight operations are continuing. Condor ownership needs to ultimately be transferred to a new party or be liquidated.
Dec 14, 2019, 11:25 am
#336
Join Date: Apr 2003
Programs: B6 Mosaic, Bonvoy LT Titanium (x SPG LT), IHG Spire, UA Silver
Posts: 5,848
Exactly. They are targeting Feb/Mar 2020 to be purchased as their temporary government 6 month bridge loan comes to an end and they can’t survive without new investors.
Dec 14, 2019, 11:52 am
#337
Join Date: Dec 2011
Posts: 178
Why can't they survive without new investors? IIRC they were (are?) profitable. I've heard this before but I don't know the rationale behind it. Yes, you could argue that without TC as a travel agency, less people will fly Condor; however, Germans didn't use TC for bookings much anyway (less than 6% in 2018).
Dec 15, 2019, 3:01 am
#338
Join Date: Aug 2007
Location: Germany
Programs: Miles & More, Amex
Posts: 678
Why can't they survive without new investors? IIRC they were (are?) profitable. I've heard this before but I don't know the rationale behind it. Yes, you could argue that without TC as a travel agency, less people will fly Condor; however, Germans didn't use TC for bookings much anyway (less than 6% in 2018).
- ensure that Condor is not liquidated during the TC insolvency process as Condor is still a legal entity of the TC group
- ensure that the interim credit can be paid
However, this has some legal side effects in what needs to be done/requested by Condor.
Dec 15, 2019, 11:44 pm
#339
Join Date: Dec 2008
Location: Delta, BC
Posts: 1,646
Why can't they survive without new investors? IIRC they were (are?) profitable. I've heard this before but I don't know the rationale behind it. Yes, you could argue that without TC as a travel agency, less people will fly Condor; however, Germans didn't use TC for bookings much anyway (less than 6% in 2018).
Jan 17, 2020, 8:32 am
#340
Join Date: Dec 2004
Location: BLI
Programs: Alaska Million Mile Flyer, Marriott Lifetime Titanium Elite
Posts: 3,194
Buyers for Condor surface
Reuters is reporting that three potential suitors for Condor are expected to submit bids next week. They include private equity firm Apollo Global Management, Greybull, and Poland's LOT airline.
Apparently cuts have already begun in anticipation of a sale. Reuters says about 150 of 2,400 flight attendant jobs will be cut, in addition to an earlier 170 positions overall.
So we may know more about Condor's future in a week or two.
Apparently cuts have already begun in anticipation of a sale. Reuters says about 150 of 2,400 flight attendant jobs will be cut, in addition to an earlier 170 positions overall.
So we may know more about Condor's future in a week or two.
Jan 23, 2020, 10:58 am
#341
Join Date: Jul 2013
Location: SJC
Programs: Southwest, Alaska, United, American Airlines
Posts: 994
Also, we have to remember Alaska is not part of a global alliance, cannot force OALs to open up award space that doesn't exist, and will fight tooth and nail any effort to use revenue space on another carrier for rebooking in the event DE disappears/eliminates USA-Europe routes/etc. For travel dates beyond March/April, why sign up for a potential sh!tshow? Better to use other partners for travels beyond the next 2-3 months, even if an award costs more. Peace of mind has value, too.
Jan 24, 2020, 7:25 am
#345
Join Date: Apr 2003
Programs: B6 Mosaic, Bonvoy LT Titanium (x SPG LT), IHG Spire, UA Silver
Posts: 5,848
Technically the Polish Aviation Group is buying them which owns LOT and a few other subsidiaries. This gives them more flexibility than just merging all of Condor’s assets into LOT. They are expecting to get through the regulatory hoops by April and in the meantime we will see what changes they make to the route structure. Most likely they will keep the brands separate for now and most of Condor’s network would not work by simply shifting the main hub to Warsaw. Guess we will also have to see the competitive response by LH and others to see how successful this investment will be for PAG.