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Condor is known and loved as a vacation airline, but very few people know who actually owns it. Find out here who holds the majority stake in Condor and saved it from bankruptcy.
Who owns Condor today
Read here to find out who owns Condor and how Condor is structured:
- Condor is a German airline that focuses primarily on tourist destinations in Europe and around the world.
- Since July 2021, the European asset manager Attestor has been the majority owner, holding a total of 51 percent of Condor’s shares.
- The investor is injecting 200 million euros in capital into the company to modernize the fleet and prepare for the future.
- The remaining 49 percent continues to be held by a company acting on behalf of the federal and state governments.
- In the future, the investor will have the option to acquire additional shares and take over the airline entirely.
Condor’s History
Read more about Condor’s history here:
- Condor was founded in December 1955 as “Deutsche Flugdienst GmbH.”
- Over the years the airline grew with Lufthansa as its largest shareholder.
- In 1997, Condor was acquired by the British Thomas Cook AG and integrated into the company as part of the international travel brand.
- When the parent company Thomas Cook was forced to file for bankruptcy in 2019, Condor’s future was uncertain. The search for a new investor was successfully concluded in 2021 with Attestor.
