LOT Polish Airlines Seizes Control of Condor

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Star Alliance member Polish Airlines obviously sees a LOT of potential in German leisure carrier Condor. The government owend Polish carrier bought out the airline after former owner Thomas Cook went bankrupt last autumn. The Eastern European airline emerges victorious from a pool of bidders. Among these were US financial company Apollo and Greybull, a British group of investors that joint German travel agencies in an attempt to gain control of the airlines.

Despite the financial trouble of its former parent company, Condor runs with reasonable profit. The airline serves leisure destinations world wide from seven different German airports. Their long haul operations, carried out by sixteen rather old Boeing 767-300ER, include some rather unsual nonstop connections. Airports like Barbabos, Fairbanks in Alaska or Windhoek, the capital of Namibia are served directly from Frankfurt and Munich.

The Polish Airlines intends to maintain the Condor brand and benefit from the German airlines’ experience in the leisure travel market. Despite that, there is only little knowledge of plans if LOT wants to change Condor’s business model, destination or fleet structure. According to German newspaper Handelsblatt, a restructuring of Condor’s aging fleet is imminent. Condor may benefit from LOT’s knowledge of the situation. The Polish carrier replaced its own aging Boeing 767 fleet with a batch of Boeing 787 Dreamliners over the past decade.

There is one thing both carriers already have in common is their frequent flyer program. Both airlines are members of the Lufthansa Group’s Miles&More program.

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