Aviation Strategy

LOT buys Condor:
Perfect fit for PGL? — February 2020

In a surprising move, the Polish Aviation Group (Polska Grupa Lotnicza or PGL), parent company of LOT Polish Airlines, has emerged as the preferred acquiror of Condor, Germany’s largest inclusive tour airline, following the failure of its parent company Thomas Cook Group in September 2019. The deal is expected to close in April 2020 once competition authority approvals are obtained. It is unlikely that this will be a problem. ……

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