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COVID-19: European Commission authorises EUR 550 million German state-guaranteed loan to Condor

18/05/2020

At the end of April 2020, the European Commission authorised a public loan guaranteed by the German State for an amount of EUR 550 million in favour of Condor, a German charter company, under the European rules on state aid. The national containment measures adopted to curb the spread of COVID-19 have grounded the airlines, making this sector one of the most affected by the current crisis.

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Authors

Portrait ofAnnabelle Lepièce
Annabelle Lepièce
Partner
Brussels
Portrait ofMarguerite Soete
Marguerite Soete
Associate
Brussels