Polish Aviation Group (PGL), the owner of LOT, announced yesterday the acquisition of German carrier Condor.
Condor will continue to act under the current brand and leadership, and its customers will enjoy the same quality, service and reliability. The transaction is expected to close by April 2020 once customary antitrust approvals are obtained and Condor exits the protective shield proceedings.
LOT Polish Airlines is one of the oldest and fastest growing carriers in Europe, with two dynamically developing hubs in Warsaw and Budapest. LOT operates on more than 120 routes with a strong footprint in Central and Eastern Europe, including 18 long-haul connections to North America and Asia. In 2019, LOT carried more than 10 million passengers, more than twice as many as 4 years before. It operates a fleet of 80 aircraft including 15 Boeing 787 Dreamliners.
Condor has been flying its guests to the most beautiful holiday destinations in the world since 1956. Every year, around 9.4 million passengers fly with Condor from eight German airports to around 90 destinations in Europe, Africa and America. The airline was a subsidiary of Thomas Cook, which collapsed in 2019. Condor operates a fleet of more than 50 aircraft, which are maintained by its subsidiary Condor Technik at its Frankfurt and Düsseldorf.
— LOT Polish Airlines