German government prepares to nationalise Condor

The German government is preparing to take over Condor as a deal for the airline to be bought by Polish carrier LOT could collapse due to Covid 19, according to Reuters. In January LOT inked a deal to acquire buy Condor for about $328 million just before global passenger numbers dropped and airlines began grounding their fleets. According to Reuters LOT owner, PGL, has made completion of its takeover deal contingent on certain financial guarantees that the German government is not willing to provide – though as yet no final decision has been made. Nationalising Condor would only be for