Attestor acquires a majority stake in Condor

Asset manager Attestor has acquired 51% of the Condor’s shares and will invest €200 million of equity capital and provide a further €250 million euros to modernize the airline’s long-haul fleet. This airline commented that the investment will ensure the rapid ramp-up of flight operations after the pandemic and will further enable the long-term development of the leisure airline. All 4,050 jobs at the airline and the company’s own maintenance subsidiary Condor Technik will be retained. “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