BRUSSELS (Reuters) - The European Union antitrust regulator said on Wednesday it was in close contact with the German authorities regarding a proposed loan to German airline Condor.
“The Commission is in close and constructive contacts with the German authorities regarding the proposed loan to Condor,” a spokeswoman for the EU executive commission said in a statement.
The German government said on Tuesday it would guarantee a 380 million euro ($418 million) bridging loan for Condor to keep it flying.
Condor and Thomas Cook GmbH, the second-biggest tour operator in Germany after TUI, are both independent units of insolvent British parent company Thomas Cook.
Reporting by Peter Maushagen, writing by Philip Blenkinsop; editing by Francesco Guarascio