Sunday, 5 April 2020

Thomas Cook Aviation bankrupt after Condor pulls the plug

One of the last vestigates of the Thomas Cook came crashing down this week when Condor - the German sideline of the group, rescued by Thomas Cooks German management cancelled its leasing deal with Thomas Cook Aviation.

Thomas Cook Aviation, based in Oberursel, Hesse, was formerly known as Air Berlin Aeronautics, a subsidiary Air Berlin, it became known as Air Berlin Aviation, until Air Berlin went bankrupt.  It was rescued from the mire by the Thomas Cook Group in 2018. It flew a small fleet of six Airbus A320s and A321s all on behalf of Condor and sporting its livery. 

The contract with Condor was in effect until the end of December 2021 and should have been safe, however,  with the ongoing coronavirus COVID-19 crisis Condor was forced to ground most of its aircraft.  It used its own fleet to operate limited repatriation flights, which left Thomas Cook Aviation's aircraft sitting on the ground, doing nothing other than costing Condor money.  "For this reason, like many other airlines, we had to terminate the contract with the seasonal partner airline Thomas Cook Aviation, among other things, to reduce costs," a spokesperson for Condor said.

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